Question: Been working on this problem awhile. Not sure where I'm going wrong. Any help is greatly appreciated. Thx! Super Solutions Inc. just paid a dividend

Been working on this problem awhile. Not sure where I'm going wrong. Any help is greatly appreciated. Thx!

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?

9.09%

15.64%

15.09%

9.64%

14.58%

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