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Lumina is expected to pay a dividend of $0.50 per share this year. The dividends are expected to grow at 3% per year infinitely. The

Lumina is expected to pay a dividend of $0.50 per share this year. The dividends are expected to grow at 3% per year infinitely. The stock currently sells for $10. What is the required return (R) on the stock?

2.15%

8.15%

8.00%

15.00%

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