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Fred's Lawn and Garden's last dividend per share was $2.35. The stock sells for $14 per share, and the expected growth rate for the company

Fred's Lawn and Garden's last dividend per share was

$2.35.

The stock sells for

$14

per share, and the expected growth rate for the company is

9%.

Calculate the company's cost of equity.

What is the company's cost of equity?

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