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Retained earnings for sartell golfing association

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Reference no: EM132199255

The cost of retained earnings for Sartell Golfing Association would be 16.64% if the firm just paid a $4.00 dividend, the stock price is currently $50.00, dividends are expected to grow at 8% indefinitely & the flotation costs are $5 per share.

a. TRUE

b. FALSE

Reference no: EM132199255

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