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eBook The Bouchard Company's EPS was $6.80 in 2019, up from $3.34 in 2014. The company pays out 40% of its earnings as dividends, and

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eBook The Bouchard Company's EPS was $6.80 in 2019, up from $3.34 in 2014. The company pays out 40% of its earnings as dividends, and its common stock sells for $33.00. a. Calculate the past growth rate in earnings. (Hint: This is a 5-year growth period.) Round your answer to two decimal places b. The last dividend was Do = 0.40($6.80) - $2.72. Calculate the next expected dividend, D, assuming that the past growth rate continues. Do not round Intermediate calculations. Round your answer to the nearest cent. $ c. What is Bouchard's cost of retained earnings,,? Do not round intermediate calculations. Round your answer to two decimal places %

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