Luna Lemon has just paid an annual dividend of $0.45 per share. Analysts expect the firm's dividends to grow by 3% forever. Its stock price is $35.4.

What is Luna Lemon's cost of equity?

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Luna Lemon has just paid an annual dividend of $0.45 per share. Analysts expect the firm's dividends to grow by 3% forever. Its stock price is $35.4. What is Luna Lemon's cost of equity?

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