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The Down and Out Co. just issued a dividend of $1.37 per share on its common stock. The company is expected to maintain a constant

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The Down and Out Co. just issued a dividend of $1.37 per share on its common stock. The company is expected to maintain a constant 0.04 growth rate in its dividends indefinitely. If the stock sells for $25.48 a share, what is the company's cost of equity? Enter the answer with 4 decimals (e.g. 0.1234) Question 2 1 pts The Up and Coming Corporation's common stock has a beta of 2.17. If the risk-free rate is 0.04 and the expected return on the market is 0.12 , what is the company's cost of equity capital? Enter the answer with 4 decimals (e.g. 0.1234)

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