Tidewater Fishing is expected to pay an annual dividend of $1.87 per share next year and dividends are expected to grow at an annual rate of 3.8 percent indefinitely. The stock sells for $25 a share. What is the cost of equity? O 12.37 percent O 11.84 percent O 12.16 percent O 11.28 percent O 12.69 percent

Tidewater Fishing is expected to pay an annual dividend of $1.87 per share next year and dividends are expected to grow at an annual rate of 3.8 percent indefinitely. The stock sells for $25 a share. What is the cost of equity? 12.37 percent 11.84 percent 12.16 percent 11.28 percent 12.69 percent