Find the cost of common stock for whitewall

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Reference no: EM132055870

Whitewall Tire Co. just paid an annual dividend of $1.20 on its common shares.

If Whitewall is expected to increase its annual dividend by 2.10 percent per year into the foreseeable future and the current price of Whitewall's common shares is $11.00, what is the cost of common stock for Whitewall?

(Round answer to 2 decimal places, e.g. 15.25%.)

Reference no: EM132055870

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