The Absolute Zero Co. just issued a dividend of $3.40 per share on its common stock. The company is expected to maintain a constant 4.5 percent growth rate in its dividends indefinitely. If the stock sells for $53 a share, what is the company's cost of equity? Dividend per share $ Growth rate Stock price $ 3.40 4.50% 53 Complete the following analysis. Do not hard code values in your calculations. Cost of equity