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A firm's stock is selling for $77. The next annual dividend is expected to be $4.00. The growth rate is 7%. The flotation cost is
| A firm's stock is selling for $77. The next annual dividend is expected to be $4.00. The growth rate is 7%. The flotation cost is $8. What is the cost of retained earnings? (Round your answer to 2 decimal places.) |
12.19%
10.84%
10.04%
13.64%
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Contemporary Financial Management Fundamentals
Authors: R. Charles Moyer, James R. McGuigan, Ramesh P. Rao
1st Edition
0324015771, 9780324015775
