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Business, 27.11.2019 00:31 lizziesuks
Johnson production company paid a dividend yesterday of $3.50 per share. the dividend is expected to grow at a constant rate of 10% per year. the price of kaycee's common stock today is $40 per share. if kaycee decides to issue new common stock, flotation costs will equal $4.00 per share. kaycee's marginal tax rate is 35%. based on the above information, the cost of retained earnings is what?
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