Question: Problem 17 You have until 12:01 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 12:01 PM to complete this assignment.

Problem 17 You have until 12:01 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 8% forever. Its stock price is $37.4 and its beta is 0.8. The risk-free rate is 2% and the expected return on the market portfolio is 8%. To Attempt 1/3 for 10 pts. Part 1 What is the best guess for the cost of equity? 3+ decimals Submit

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