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Use the information provided to answer the following two questions. The cost of equity for the company BYI, Inc is 9%. The historical annual dividends

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Use the information provided to answer the following two questions. The cost of equity for the company BYI, Inc is 9%. The historical annual dividends are provided below. Suppose that today is the end of the year 2018. Year Dividend 2014 $3 2015 $3.5 2016 $4 2017 $4.5 2018 $4.8 Which one comes closest to the expected growth rate of dividends estimated using the historical annual dividends from 2014-2018? 11% 20% 5% 8% 13%

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