The drogon co. just issued a dividend of $2.21 per share on its common stock. the company is expected to maintain a constant 5 percent growth rate in its dividends indefinitely. if the stock sells for $55 a share, what is the company's cost of equity?

White truffles are a very prized and rare edible fungus that grow naturally in the countryside near alba, italy. suppose that it costs $200 per day to search for white truffles. on an average day, the total number of white truffles (t) found in alba is t = 20x − x 2 , where x is the number of people searching for white truffles on that day. white truffles can be sold for $100 each. if there is no regulation, how many more people will be searching for white truffles than the socially optimal number?