Summerdahl Resort's common stock is currently trading at $22 a share. The stock is expected to pay a dividend of $1.50 a
Posted: Fri Jul 01, 2022 7:51 am
Summerdahl Resort's common stock is currently trading at $22 ashare. The stock is expected to pay a dividend of $1.50 a share atthe end of the year (D1 = $1.50), and the dividendis expected to grow at a constant rate of 6% a year. What is thecost of common equity? Round your answer to two decimal places.