Question 4 (1 point) d Steve's Specialties, Inc. paid its dividend yesterday, which as $ 3.25. The dividend has been growing at a rate of 0.035 and is expected to continue indefinitely at that rate. Steve's common stock is currently trading at 22.00 per share. The firms beta is 1.10 Treasuries (T-bills) are currently yielding 0.030, Average return on the market is 0.13 Using the CAPM, what is Steve's cost of retained earnings? Answer in decimal form to 4 places. Do not use a percent sign, Le 0.9999)