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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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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
5th Edition
0078034663, 978-0078034664
