What is the cost of retained earnings

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Reference no: EM13950319

A firm's stock is selling for $77. The next annual dividend is expected to be $4.00. The growth rate is 7%. The flotation cost is $8. What is the cost of retained earnings? (Round your answer to 2 decimal places.)

12.19%

10.84%

10.04%

13.64%

Reference no: EM13950319

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