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Investors estimate that the Walsh Corporation will pay a $1.75 per-share dividend one year from now, and that the dividend will grow at an 9%
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Investors estimate that the Walsh Corporation will pay a $1.75 per-share dividend one year from now, and that the dividend will grow at an 9% rate for the foreseeable future. The company's stock is currently selling for $35 per share. What is Walsh Corporation's cost of retained earnings?
a. 10.75%
b. 9.00%
c. 5.00%
d. 14.00%
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