ummerdahl Resort's common stock is currently trading at $20 a share. The stock is expected to pay a dividend of $1.25 a

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answerhappygod
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ummerdahl Resort's common stock is currently trading at $20 a share. The stock is expected to pay a dividend of $1.25 a

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ummerdahl Resort's common stock is currently trading at $20 ashare. The stock is expected to pay a dividend of $1.25 a share atthe end of the year (D1 = $1.25), and the dividend is expected togrow at a constant rate of 8% a year. What is the cost of commonequity? Round your answer to two decimal places.
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