A company's common stock is currently selling for $24.00 per share. The company recently paid an annual dividend of $1.60 per share, and investors forecast that ividend wiil grow to $3.30 in 10 years. An investment bank has advised that new issue could be sold for a floating cost of 7% of face value.

a) Calculate the anual dividend growth rate forecast for company

b)~~~~~~~ the dividend anticipated in opne year

c)~~~~~~~ investors required rate of return from the company's common stock

d)~~~~~~~~ cost of retained earnings and cost of a new stock issue