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37) Car Company wants to calculated cost of common stock. Car Co. pay dividend of $3 per share and the common stock is priced $60

37) Car Company wants to calculated cost of common stock. Car Co. pay dividend of $3 per share and the common stock is priced $60 per share with growth rate of 9%.

Compute cost of common stock (retained earnings)?

38) ABC Company wants to calculated cost of common stock. ABC Co. pay dividend of $1.50 per share and the common stock is priced $50 per share with growth rate of 7%.

Compute cost of common stock (retained earnings)?

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