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A firm's stock is selling for $70. The next annual dividend is expected to be $200. The growth rate is 7%, The flotation cost is

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A firm's stock is selling for $70. The next annual dividend is expected to be $200. The growth rate is 7%, The flotation cost is $6. . What is the cost of retained earnings? Note: Round your onswer to 2 decimal ploces. Muatiple Choice 9.86% 1131 8.5+%

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