Which of the following is true? Futures contracts involve less default risk. Forward contracts have no default risk. Forward contract buyers and sellers do not know who the counterparty is. Forward contracts are marked to market daily. Commercial Construction Builders has a beta of 134, a dividend growth rate of 2.1 percent for the foreseeable future, a stock price of $15 per share, and an expected annual dividend of 50.45 per share next year. The market rate of return is 12.8 percent and the risk-free rate is 4.2 percent. What is the firm's average cost of equity? a. 8.79 percent b. 10.77 percent Oc 10.41 percent d. 10.35 percent 8.51 percent