If a company expects to pay a dividend of $3 per share next year, the annual rate of growth of dividends is expected to be 4 percent per year, its current stock price is $25 per share, and its shareholders require a return on 10 percent, its cost of equity is closest to:

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The Answer of If a company expects to pay a dividend of $3 per share next year, the annual rate of growth of dividends is expected to be 4 percent per year, its current stock price is $25 per share, and its shareholders require a return on 10 percent, its cost of equity is closest to:

If a Company Expects to Pay a Dividend of $3