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The following financial information is available on Barlow Manufacturing Company: Current per share market price $58.00 Most recent per share dividend $3.50 Expected long-term growth
The following financial information is available on Barlow Manufacturing Company: Current per share market price $58.00 Most recent per share dividend $3.50 Expected long-term growth rate 7.0% Barlow can issue new common stock to net the company $44 per share. Determine the cost of retained earnings using the dividend growth model approach.
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