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Heavy Rain Corporation just paid a dividend of $3.96 per share, and the firm is expected to experience constant growth of 2.17% over the foreseeable

Heavy Rain Corporation just paid a dividend of $3.96 per share, and the firm is expected to experience constant growth of 2.17% over the foreseeable future. The common stock is currently selling for $74.35 per share. What is Heavy Rains cost of retained earnings using the Gordon Model (DDM) approach?

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