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Zequala Textiles Share Company wishes to measure its cost of retained earnings. The firm's stock is currently selling for Br. 57.50. The firm expects to

Zequala Textiles Share Company wishes to measure its cost of retained earnings. The firm's stock is currently selling for Br. 57.50. The firm expects to pay Br. 3.40 dividend at the end of the year. The expected dividend growth rate is 8%.

Required:Determine the cost of retained earnings.

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