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A firm's stock is selling for $83. 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 $83. The next annual dividend is expected to be $4.00. The growth rate is 7% The flotation cost is $7. What is the cost of retained eamings? Note: Round your answer to 2 decimal places. Multiple Choice 182% 13.27% 10.47% 967%

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