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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 $5

The common stock of omega corporation is currently selling for $50 per share. It is expected that omega will pay a dividend equal to $5 per share this year. In addition, analysts have indicated that the company has been growing at constant rate of 3% and this growth is expected to continue forever. What is Omegas cost of retained earnings? PLEASE SHOW WORKING.

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