Laurentide Union Bank is expected just paid a dividend of $4.20 per common share.Laurentide Union Bank expects dividends to grow at a rate of 5% for the foreseeable.If the current market price for a share of Laurentide Union Bank is $40, what is the cost of equity?
A)10.50%
B)11.02%
C)15.50%
D)16.02%

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The Answer of Laurentide Union Bank is expected just paid a dividend of $4.20 per common share.Laurentide Union Bank expects dividends to grow at a rate of 5% for the foreseeable.If the current market price for a share of Laurentide Union Bank is $40, what is the cost of equity?
A)10.50%
B)11.02%
C)15.50%
D)16.02%

Laurentide Union Bank Is Expected Just Paid a Dividend of $4.20