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The cost of retained earnings for Sartell Golfing Association would be 16.64% if the firm just paid a $4.00 dividend, the stock price is currently

The cost of retained earnings for Sartell Golfing Association would be 16.64% if the firm just paid a $4.00 dividend, the stock price is currently $50.00, dividends are expected to grow at 8% indefinitely & the flotation costs are $5 per share.

a.TRUE

b.FALSE

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