Question: pletion Status 12 14 15 Close Window A Moving to another question will save this response. Question 14 ct 16 Question 14 6.67 points Seven

pletion Status 12 14 15 Close Window A Moving to another question will save this response. Question 14 ct 16 Question 14 6.67 points Seven Emirates Steel Industry has a beta of 4.1. The market risk premium is 0.1 percent while T-bills are currently yielding 9 percent. The company's most recent dividend was $1.1 per share, and dividends are expected to grow at a 7 percent annual rate indefinitely. The stock sells for $27 a share. What is the estimated cost of equity using the average of the CAPM approach and the dividend discount approach? Answer in 4 decimal places MacBook Pro 1 B N M 3 CE

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