Unless otherwise instructed, use two (2) decimal places for both percentages and dollar amounts. This is enforced, like in Connect. If you need to enter units, use % for percentages, $ for dollar amounts, x for times and years for years. Question 7 (4 points) Martin Corporation's common stock sells for $55.00 per share. The current dividend is $2.00 per share; dividends are expected to grow at 4.00 percent per year indefinitely. The flotation cost of new common stock is 5.00 percent. What is the firm's cost of retained earnings? Your Answer: Answer units Previous Page Next Page