Question: Studying for exams make answer clear and precise!!! Stock in Daenerys Industries has a beta of 0.73. The market risk premium is 10 percent, and

Studying for exams make answer clear and precise!!!

Stock in Daenerys Industries has a beta of 0.73. The market risk premium is 10 percent, and T-bills are currently yielding 5 percent The company's most recent dividend was $1.6 per share, and dividends are expected to grow at a 5.5 percent annual rate indefinitely. If the stock sells for $35 per share, what is your best estimate of the company's cost of equity? Use the average from CAPM and Dividend Growth Model calculations. Multiple Choice 8.65% 11.31% 12.3% 10.32% Multiple Choice 8.65% O 11.31% 12.3% 10.32% 9.69%

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