if abc corporation paid a dividend of $6 per share last year. the stock currently sells for $80 per share. you estimate that the dividend will grow steadily at a rate of 6% per year into the indefinite future. what is the cost of equity? multiple choice

a. 11.50%
b. 7.95%
c. 13.50%
d. 7.5%
e. 13.95%