Last year's dividend was $2.00, the anticipated constant growth rate is 5%, the selling price today is $30 per share, and flotation costs for new equity are estimated to be 10%. What is the estimated cost of retained earnings ?

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The Answer of Last year's dividend was $2.00, the anticipated constant growth rate is 5%, the selling price today is $30 per share, and flotation costs for new equity are estimated to be 10%. What is the estimated cost of retained earnings ?

Last Year's Dividend Was $2