9. As a young corporate financial analyst for Mobile Corporation, you observe that Moody's has assigned Mobile an equity rating of AA. In addition, Mobile's common equity is trading at $95, is expected to pay a $5.44 dividend, and is expected to grow at 2.8% a year. Mobile has a 15% profit margin and is expected to be in the 29% tax bracket? What is Mobile's cost of common equity? (round at 2 decimal places)

Answer rating: 100% (QA)

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