Use the dividend growth or Gordon model to develop the cost of retained earnings if last year's dividend was $2.25, the anticipated constant growth rate is 5% the stock's selling price today is $36 per share, and flotation costs are estimated to be 11%?

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The Answer of Use the dividend growth or Gordon model to develop the cost of retained earnings if last year's dividend was $2.25, the anticipated constant growth rate is 5% the stock's selling price today is $36 per share, and flotation costs are estimated to be 11%?

Use the Dividend Growth or Gordon Model to Develop the Cost