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Suppose Potter Ltd. just issued a dividend of $2.61 per share on its common stock...

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Finance

Suppose Potter Ltd. just issued a dividend of $2.61 per share on its common stock company paid dividends of $2.11, $2.18, $2.35, and $2.45 per share in the las years. If the stock currently sells for $80, what is your best estimate of the compa cost of equity capital using arithmetic and geometric growth rates? (Do not roun intermediate calculations and enter your answers as a percent, row decimal places, e.g.,32.16.)

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