Ben's Ice Cream just paid their annual dividend of $.75 a share. The stock has a market price of $32 and a beta of .90. The return on the U.S. Treasury bill is 4 percent and the market has a 12 percent rate of return. What is the cost of equity?
A) 7.24 percent
B) 8.67 percent
C) 11.20 percent
D) 12.92 percent
E) 14.80 percent
C
Business
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Indicate whether the statement is true or false
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Which of the following are customers who learn about new products from sources other than previous users?
a. adopters b. laggards c. innovators d. imitators
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