Question: 1 points Save Answer Builtrite's common stock is currently selling for $60 a share and the firm just paid an annual dividend of $3.20 per

1 points Save Answer Builtrite's common stock is currently selling for

1 points Save Answer Builtrite's common stock is currently selling for $60 a share and the firm just paid an annual dividend of $3.20 per share. Management believes that dividends and earnings should grow at 8% annually. Based on this, and a marginal tax rate of 34%, what is the cost of common stock (also known as the cost of retained earnings)? 13.8% 9.4% 9.1% 14.3% 0

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