A firms stock is selling for 78 the next annual dividend is

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A firms stock is selling for $78. The next annual dividend is expected to be $2.70. The growth rate is 9%. The flotation cost is $5.00. What is the cost of retained earnings?

A - 13.09%
B - 12.46%
C - 12.7%
D - None of these

Reference no: EM13572565

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