What is heavy rain cost of retained earnings

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Question: Heavy Rain Corporation just paid a dividend of $4.60 per share, and the firm is expected to experience constant growth of 2.55% over the foreseeable future. The common stock is currently selling for $97.14 per share. What is Heavy Rain's cost of retained earnings using the Gordon Model (DDM) approach?

Round the answers to two decimal places in percentage form.

Reference no: EM131796336

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