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The common stock of Omega Corporation is currently selling for $50 per share. It is expected that Omega will pay a dividend equal to $2

The common stock of Omega Corporation is currently selling for $50 per share. It is expected that Omega will pay a dividend equal to $2 per share this year. In addition, analysts have indicated that the company has been growing at a constant rate of 5 percent, and this growth is expected to continue forever. What is Omegas cost of retained earnings? ( Show work please! )

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