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A firm's stock is selling for $74. The next annual dividend is expected to be $3.00. The growth rate is 7%. The flotation cost is
| A firm's stock is selling for $74. The next annual dividend is expected to be $3.00. The growth rate is 7%. The flotation cost is $5. What is the cost of retained earnings?(Round your answer to 2 decimal places.) |
a. 9.70%b. 8.90%c. 11.05%d. 12.50%
which one is it?
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International Financial Reporting A Practical Guide
Authors: Alan Melville
6th edition
1292200743, 1292200766, 9781292200767, 978-1292200743
