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The current market price is $21.00, and the dividend paid is $3.21. The growth rate is...

The current market price is $21.00, and the dividend paid is $3.21. The growth rate is 6.55%. The risk-free rate is 6%, beta is 1.22 and market return is 12.5%. What is the cost of equity as per growth model and capital asset pricing model? (Round off to nearest decimal). COST CAPM COST DDM Select one: a. 13.5% 22.8% b. 22.8% 13.5% c. 15% 12% d. 14% 22.8%

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