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Stock in Daenerys Industries has a beta of 0.95. The market risk premium is 9 percent, and T-bills are currently yielding 3 percent. The company's

Stock in Daenerys Industries has a beta of 0.95. The market risk premium is 9 percent, and T-bills are currently yielding 3 percent. The company's most recent dividend was $1.9 per share, and dividends are expected to grow at a 4.5 percent annual rate indefinitely. If the stock sells for $33 per share, what is your best estimate of the company's cost of equity?

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Stock In Daenerys Industries has a beta of 0.95. The market risk premium is 9 percent, and T-bills are currently ylelding 3 percent. The company's most recent dividend was $1.9 per share, and dividends are expected to grow at a 4.5 percent annual rate Indefinitely. If the stock sells for $33 per share, what is your best estimate of the company's cost of equity? Multiple Choice 8.7% 9.81% 11.03% 10.52% 11.55%

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