3. value 9.09 points Suppose Stark Ltd. just issued a dividend of $1.59 per share on its common stock. The company paid dividends of $1.25, 51.33, $1.40, and $1.51 per share in the last four years. of the stock currently sells for $40, what is your best estimate of the company's cost of equity capital using the arithmetic average growth rate in dividends? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, 0.9. 32.16.) Cost of equity What if you use the geometric average growth rate? (Do not round Intermediate calculations Enter your answer as a percent rounded to 2 decimal places, e.g. 32. 16.) Cost of equity Holdup Bank has an issue of preferred stock with a $5.15 stated dividend that just sold for $88 per share. What is the bank's cost of preferred stock? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g. 32.16.) Cost of proferred stock