Heavy rain corporation just paid a dividend of 460 per, Ask an Expert

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Heavy Rain Corporation just paid a dividend of $4.60 per share, and the firm is expected to experience constant growth of 2.55% over the foreseeable future. The common stock is currently selling for $97.14 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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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92296238

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