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Question 25 4 pts 13.5. Shill Company's beta is 0.80, the risk-free rate is 2 percent, and the expected market return is 12 percent. Shill

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Question 25 4 pts 13.5. Shill Company's beta is 0.80, the risk-free rate is 2 percent, and the expected market return is 12 percent. Shill is a constant growth firm, which just paid a dividend of $2.00, sells for $50.00 per share, and has a growth rate of 7 percent. What is Shill's cost of retained earnings using the CAPM approach? (Omit % sign and answer with 2 decimal places, X.XX percent) 5 pts Question 26

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