QUESTION 38 The Northern Rock Building Society (LSE: NRK) just paid an annual dividend of $0.8 per share. 'NRK's dividends are anticipated to maintain a six percent growth rate indefinitely. Next year dividend will reach $0.848. If the stock currently sells for $93.28 per share, what is the cost of common equity or required return on the stock? O 12.97 percent. 12.48 percent. O 11.26 percent O 6.91 percent. O 15.91 percent