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Heavy Rain Corporation just paid a dividend of $5.00 per share, and the firm is expected to experience constant growth of 4.65% over the foreseeable

Heavy Rain Corporation just paid a dividend of $5.00 per share, and the firm is expected to experience constant growth of 4.65% over the foreseeable future. The common stock is currently selling for $53.74 per share. What is Heavy Rains cost of retained earnings using the Gordon Model (DDM) approach? Round the answers to two decimal places in percentage form

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