keaton19331 keaton19331

12-04-2024
Business

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A firm's stock is selling for $65. the dividend yield is 6%. a 7 growth rate is expected for the common stock. the firm's tax rate is 21%. what is the firm's cost of retained earnings?

a. 13.00%
b. 12.35%
c. 8.16%
d. 7.8%.

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