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The most recent dividend was $2.50, the anticipated constant growth rate is 4%, the selling price today is $28 per share, and flotation costs are

The most recent dividend was $2.50, the anticipated constant growth rate is 4%, the selling price today is $28 per share, and flotation costs are 18%. What is the cost of retained earnings? a. 15.3% b. 14.9% c. 12.9% d. 13.3%

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