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A firm's stock is selling for $78. The next annual dividend is expected to be $3.00. The growth rate is 10%. The flotation cost is
| A firm's stock is selling for $78. The next annual dividend is expected to be $3.00. The growth rate is 10%. The flotation cost is $8. What is the cost of retained earnings? (Round your answer to 2 decimal places.) |
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Managerial Accounting
Authors: Ray Garrison, Eric Noreen and Peter Brewer
14th edition
978-007811100, 78111005, 978-0078111006
