Question: D Question 3 2 pts Builtrite's common stock is currently selling for $72 a share and the firm just paid an annual dividend of $3.00

D Question 3 2 pts Builtrite's common stock is currently selling for $72 a share and the firm just paid an annual dividend of $3.00 per share. Management believes that dividends and earnings should grow at 6% 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)? 6.88% 10.42% 6.71% 10.17%

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