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Question 11 5 pts Glaham Restaurants expects to pay a common stock dividend of $1.50 per share next year (d1). Dividends are expected to grow

Question 11 5 pts Glaham Restaurants expects to pay a common stock dividend of $1.50 per share next year (d1). Dividends are expected to grow at a 4% rate for the foreseeable future. Glaham's common stock is selling for $18.50 per share and issuance costs are $3.50 per share. What is Glaham's cost of external equity? 20.59% O 12.11% 14.00% 10.00%

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