Rossdale Co. stock currently sells for $71.55 per share and has a beta of 1.16. The market risk premium is 7.70 percent and the risk-free rate is 3.14 percent annually. The company just paid a dividend of $4.05 per share, which it has pledged to increase at an annual rate of 3.85 percent indefinitely. What is your best estimate of the company's cost of equity?

Rossdale Co. stock currently sells for $71.55 per share and has a beta of 1.16. The market risk premium is 7.70 percent and the risk-free rate is 3.14 percent annually. The company just paid a dividend of $4.05 per share, which it has pledged to increase at an annual rate of 3.85 percent indefinitely. What is your best estimate of the company's cost of equity? Multiple Chaica 0 0 0 0