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please show work. thank you Cardboard Inc. is evaluating its cost of retained earnings. The business pays $0.80 dividend next year; its dividend grows at

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Cardboard Inc. is evaluating its cost of retained earnings. The business pays $0.80 dividend next year; its dividend grows at 5%, and the company's current stock price is $50. What is the cost of equity from retained earnings? (You must show your

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