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Rossdale Co. stock currently sells for $7177 per share and has a beta of 117. The market risk premium is 760 percent and the risk-free

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Rossdale Co. stock currently sells for $7177 per share and has a beta of 117. The market risk premium is 760 percent and the risk-free rate is 3.10 percent annually. The company just paid a dividend of $4.09 per share, which it has pledged to increase at an annual rate of 3.90 percent indefinitely. What is your best estimate of the company's cost of equity? Multiple Choice o o o C

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