Galena Corporation just paid a dividend of $2. The dividend is expected to grow indefinitely at 3% annually. Galenas current stock price is $20. Use the discounted dividend approach to calculate Galenas cost of equity. Galena Corporation just paid a dividend of $2. The dividend is expected to grow indefinitely at 3% annually. Galenas current stock price is $20. Use the discounted dividend approach to calculate Galenas cost of equity.

A. 3.9%

B.13.3%

C.10.1%

D.5.2%