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AMC just paid a dividend of RM3.50 per share yesterday. The dividend is expected to grow at a constant rate of 10 percent per year.

AMC just paid a dividend of RM3.50 per share yesterday. The dividend is expected to grow at a constant rate of 10 percent per year. The price of AMC's ordinary share today is RM40 per share. Based on the above information, determine the cost of retained earnings of AMC

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