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Problem 13.20 al-a2 (Part Level Submission) (Solution Video) Ivanhoe Inc.'s common shares currently sell for...

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Problem 13.20 al-a2 (Part Level Submission) (Solution Video) Ivanhoe Inc.'s common shares currently sell for $35 each. The firm's management believes that its shares should really sell for $56 each. The firm just paid an annual dividend of $2 per share and management expects those dividends to increase by 5 percent per year forever (and this is common knowledge to the market). (al) What is the current cost of common equity for the firm? (Round final answer to 2 decimal places, e.g. 15.25%.) The current cost of common equity for the firm %

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