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Tip Top Hats (TTH) is expected to grow at a 4 percent rate for as long as it is in business. Currently the company's common
Tip Top Hats (TTH) is expected to grow at a 4 percent rate for as long as it is in business. Currently the company's common stock is selling for $34 per share. The most recent dividend paid by TTH was $4.25 per share. What is the company's cost of new common equity? What is the company's cost of retained earnings? Using the formulas I have been given I'm unable to come up with the correct answer for this please help?
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