You researched Turnkey Investment's financial data and gathered the following information Current price per share of stock $86 Expected market risk premium 10 0 Dividend per share next year $4 67 Risk free interest rate 4 4 Expected annual growth of dividend per share 5 Stock Beta 1 64 Calculate the company's cost of equity using the Capital Asset Pricing Model approach

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You researched Turnkey Investment's financial data and gathered the following information: Current price per share of stock = $86 Expected market risk premium = 10.0%

You researched Turnkey Investment's financial data and gathered the following information:

Current price per share of stock = $86	Expected market risk premium = 10.0%
Dividend per share next year = $4.67	Risk-free interest rate = 4.4%
Expected annual growth of dividend per share = 5%	Stock Beta = 1.64

Calculate the company's cost of equity using the Capital Asset Pricing Model approach.

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