QUESTION 5 Qintex Lid, most recent dividend was Do $2.4471 per share; Christopher Skase, Qintex Ltd.'s main shareholder and Managing Director, announced that the firm intends to grow its dividends by 6.25 percent indefinitely. Hence, next year dividend will reach $2.60. If the stock currently sells for $48.80 per share, what is the cost of common equity or required return on the stock? 12.48 percent. 11.20 percent. 12.12 percent. 12.97 percent. 11.58 percent