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A firm's stock is selling for $75. The next annual dividend is expected to be $2.00. The growth rate is 11%. The flotation cost is
A firm's stock is selling for $75. The next annual dividend is expected to be $2.00. The growth rate is 11%. The flotation cost is $7. What is the cost of retained earnings? (Round your answer to 2 decimal places.) Multiple Choice 12.32% O 11.52% 13.67% O 15.12%
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