Question $9$

$2$ pts

Judy's Boutique just paid an annual dividend of $$3\mathrm{.}01$ on its common stock. Its current stock price is $$41\mathrm{.}08$ per share. The firm is assumed to increase its dividend by $3\mathrm{.}70$ percent annually forever. Based on the given information, we should use the to estimate the company's cost of common equity, and the cost of common equity in this case is $[$Sele