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Jackson Holding has just paid an annual dividend of $0.45 per share. Analysts expect the firm's dividends to grow by 4% forever. Its stock price

Jackson Holding has just paid an annual dividend of $0.45 per share. Analysts expect the firm's dividends to grow by 4% forever. Its stock price is $38.2. What is the cost of equity from retained earnings?

A. 4.963% B. 6.374% C. 5.856% D. 5.225%

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