Question: Problem 12 Intro Tanrun Inc. is expected to pay an annual dividend of $0.45 per share in one year. Analysts expect the firm's dividends to

Problem 12 Intro Tanrun Inc. is expected to pay an annual dividend of $0.45 per share in one year. Analysts expect the firm's dividends to grow by 6% forever. Its stock price is $38.6 and its beta is 0.5. The risk-free rate is 2% and the expected market risk premium is 4.5%. Attempt 7/10 for 10 pts. Part 1 What is the best guess for the cost of equity? 3+ decimais Submit

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