Question
A firm's stock is selling for $81. The next annual dividend is expected to be $3.00. The growth rate is 6%. The flotation cost is
A firm's stock is selling for $81. The next annual dividend is expected to be $3.00. The growth rate is 6%. The flotation cost is $3. What is the cost of retained earnings?
A. 9.70
B. 7.55
C, 11.15
D. 8.35
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Principles of Finance
Authors: Scott Besley, Eugene F. Brigham
5th edition
1111527369, 978-1111527365
