You researched Turnkey Investment's financial data and gathered the following information:

Current price per share of stock = $93	Expected market risk premium = 8.9%
Dividend per share paid just recently = $4.44	Risk-free interest rate = 5.2%
Expected annual growth of dividend per share = 6%	Stock Beta = 1.45

Calculate the company's cost of equity using the Dividend Growth Model approach. Your answer should be in percent, not in decimals: e.g., 12.34 rather than 0.1234

Increase decimal places for any intermediate calculations, from the default 2 to 6 or higher. Only round your final answer to TWO decimal places: for example, 10.23. Do NOT use "%" in your answer.

Answer rating: 100% (QA)

Cost of Equity Dividend per Share C... View the full answer