Question content area top

Part $1$

Slow $\text{'}$n Steady$,$Inc$.,$ has a stock price of $$$$34\mathrm{.}58,$ will pay a dividend next year of $$$$2\mathrm{.}85,$ and has expected dividend growth of $1\mathrm{.}5\%$ per year. What is your estimate of Slow $\text{'}$n Steady$\text{'}$s cost of equity$$ capital?

Question content area bottom

Part $1$

Slow $\text{'}$n Steady$\text{'}$s cost of equity capital is

$$

enter your response here$\%.($Round to two decimal$$ places.$)$