Marvin Co's next expected dividend is $3.50, and the growth in dividends is constant at 5% forever.

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Marvin Co's next expected dividend is $3.50, and the growth in dividends is constant at 5% forever. Marvin's common stock is currently trading at $100 per share. Flotation costs on new common are 10% of the current price. Marvin's cost of retained earnings is closest to?

Posted Date: Jul 03, 2024 09:26 AM

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Marvin Co's next expected dividend is $3.50, and the growth in dividends is constant at 5% forever.

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