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samualson samualson
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Posts: 2459
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5 years ago
Haroldson Inc. common stock is selling for $22 per share. The last dividend was $1.20, and dividends are expected to grow at a 6% annual rate. Flotation costs on new stock sales are 5% of the selling price. What is the cost of Haroldson's retained earnings?
A) 5.73%
B) 11.45%
C) 11.78%
D) 12.09%
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#1
5 years ago
 C
 
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