Back to Assignment Attempts Keep the Highest / 1 2. Problem 9-05 (Cost of Equity: Dividend Growth) Problem Walk-Through Cost of Equity: Dividend Growth Summerdahl Resort's common stock is currently trading at $30 a share. The stock is expected to pay a dividend of $2.25 a share at the end of the year (D; - $2.25), and the dividend is expected to grow at a constant rate of 3% a year. What is the cost of common equity? Round your answer to two decimal places Grade it Now Save & Continue Continue without saving