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A firm's stock is selling for $88. The next annual dividend is expected to be $4.00. The growth rate is 11%. The flotation cost is
| A firm's stock is selling for $88. The next annual dividend is expected to be $4.00. The growth rate is 11%. The flotation cost is $7. What is the cost of retained earnings? (Round your answer to 2 decimal places.) |
13.40%
17.00%
14.20%
15.55%
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International Finance Transactions Policy And Regulation
Authors: Hal Scott, Anna Gelpern
20th Edition
1609303164, 978-1609303167
