Solve the given problem
Sweet Treats common stock is currently priced at $19.74 a share. The company just paid $1.15 per share as its annual dividend. The dividends have been increasing by 2.5 percent annually and are expected to continue doing the same. What is this firm's cost of equity?
The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.