Over the past 4 years, Downtown Stores has paid increasing dividends per share of $0.80, $0.95, $1.03, and $1.12, respectively.

Over the past 4 years, Downtown Stores has paid increasing dividends per share of $0.80, $0.95, $1.03, and $1.12, respectively. Future dividends are expected to increase at the same rate as they have over the past 4 years. What is the cost of equity if the stock is currently selling for $14.50 a share?Student ResponseFeedbackA. 13.29 percentB. 16.67 percentC. 17.38 percentD. 20.62 percentScore:0/10