Steady Inc. has a stock price of $30, will pay a dividend next year of $3, and has expected dividend growth of 1% per year.

Steady Inc. has a stock price of $30, will pay a dividend next year of $3, and has expected dividend growth of 1% per year. What is your estimate of Steady's cost of equity capital? Hint: What is the required rate of return om equity according to the constant divaded growth model? O 11% o 10, o 12% 9%