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Royal Mediterranean cruise Line's common stock is selling for $22 per share. The last dividend was $1.20 and dividends are expected to grow at 6%

Royal Mediterranean cruise Line's common stock is selling for $22 per share. The last dividend was $1.20 and dividends are expected to grow at 6% annual rate. Fotation costs on new stock sales are 5% of the selling price. What is ther cost of the roya's retained earnings

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