Question: Problem 17 You have until 10:08 PM to complete this assignment. Intro Runtan Inc. has just paid an annual dividend of $0.45 per share. Analysts

Problem 17 You have until 10:08 PM to complete this assignment. Intro Runtan Inc. has just paid an annual dividend of $0.45 per share. Analysts expect the firm's dividends to grow by 5% forever. Its stock price is $36.5 and its beta is 1.6. The risk-free rate is 2% and the expected return on the market portfolio is 8%. Attempt 1/1 for 10 pts. Part 1 What is the best guess for the cost of equity? B+ decimals Save
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