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Zeta Corporation wishes to determine its cost of common stock equity. The market price of its common stock is $75 per share. The firm expects

Zeta Corporation wishes to determine its cost of common stock equity. The market price of its common stock is $75 per share. The firm expects to pay a dividend of $9.00 at the end of the coming year, 2013 and has a growth rate of 2.5%. What is the cost of retained earnings?

12%

15 %

3 %

None of the above

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