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A firm's stock is selling for $73. The next annual dividend is expected to be $2.00. The growth rate is 6%. The flotation cost is
A firm's stock is selling for $73. The next annual dividend is expected to be $2.00. The growth rate is 6%. The flotation cost is $7. What is the cost of retained earnings? Note: Round your answer to 2 decimal places. Multiple Choice 8.74% 6.59% 7.39% 10.19%
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
