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What is heavy rains cost of retained earnings using the

Heavy Rain Corporation just paid a dividend of $3.98 per share, and the firm is expected to experience constant growth of 5.47% over the foreseeable future. The common stock is currently selling for $78.17 per share. What is Heavy Rain's cost of retained earnings using the Gordon Model (DDM) approach?Round the answers to two decimal places in percentage form.

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Finance Basics: What is heavy rains cost of retained earnings using the

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