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Heavy rain corporation just paid a dividend of $2.01 per share, and the firm is expected to experience constant growth of 2.84% over the forseeable

Heavy rain corporation just paid a dividend of $2.01 per share, and the firm is expected to experience constant growth of 2.84% over the forseeable future. the common stock is currently selling for $57.70 per share. what is heavy rain's cost of retained earnings using the gordon model approach? round the answer to two decimal places.

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