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12 points Sve (CHAPTER 14) You researched Turnkey investment's financial data and gathered the following information: Current price per share of stock = $109 Expected

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12 points Sve (CHAPTER 14) You researched Turnkey investment's financial data and gathered the following information: Current price per share of stock = $109 Expected market portfolio return 8.4% Dividend per share paid just recently 55.91 Risk-free interest rate - 3.1 Expected annual growth of dividend per share Stock Beta-1.45 Calculate the company's cost of equity using the Capital Asset Pricing Model approach. Your answer should be in W, not in decimals:... 10.23 rather than 0.1023. Increc decimal places for any intermediate calculations, from the default 2 to 6 or higher Only round your final answer to TWO decimal places for example, 10.22 Do NOT in your answer 9.63 1

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