Super Solutions Inc. just paid a dividend equal to $3.00 per share. Its stock sells for $33.00 per share, it is growing at an annual rate equal to 6 percent, which is expected to continue long into the future. What is Super's cost of retained earnings?
A) 9.09%
B) 15.64%
C) 15.09%
D) 9.64%
E) 14.58%
Correct Answer:
Verified
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