Question: 4) 20 points Stock in CDB Industries has a beta of .90. The market risk premium is 7%, and the risk-free rate is 3.5%. CDB's

4) 20 points Stock in CDB Industries has a beta of .90. The market risk premium is 7%, and the risk-free rate is 3.5%. CDB's most recent dividend was $1.80/share and the dividends are expected to grow at 5% annual indefinitely. The current price is $47/share. What is the cost of equity using the best estimate method

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