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* Your answer is incorrect. Sunland Tire Co. just paid an annual dividend of $1.20 on its common shares. If Sunland is expected to increase

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* Your answer is incorrect. Sunland Tire Co. just paid an annual dividend of $1.20 on its common shares. If Sunland is expected to increase its annual dividend by 4.10 percent per year into the foreseeable future and the current price of Sunland's common shares is $18.32. what is the cost of common stock for Sunland? (Round intermediate calculations to 4 decimal places, eg. 0.1555 and final answer to 2 decimal places, eg 15.25%) Cost of common stock 4.37 %

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