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A firm's stock is selling for $82. The next annual dividend is expected to be $4.00. The growth rate is 5%. The flotation cost is

A firm's stock is selling for $82. The next annual dividend is expected to be $4.00. The growth rate is 5%. The flotation cost is $5. What is the cost or retained earnings? (Round your answer to 2 decimal places.) Multiple Choice 7731 9. 13

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