Hank Corp. common stock is currently selling for $24 per share. The most recent dividend (Do) was $2.49 and the expected growth rate in dividends per year is 7%.  calculate the cost of common equity, Re, is ____%. 

Round your final answer to 2 decimal places (for example: enter 12.34 for 12.34%), but do not round any intermediate work in the process.

Answer rating: 100% (QA)

To calculate the cost of common equity Re we can use the Gordon Growth Model also known as the divid... View the full answer