Question: Using the data for a firm shown in the following table, calculate the cost of retained earnings and the cost of new common stock using

Using the data for a firm shown in the following table, calculate the cost of retained earnings and the cost of new common stock using the constant-growth valuation model. Current market price per share Dividend growth rate Projected dividend per share next year Underpricing per share Flotation cost per share $31.00 9% $2.17 $2.50 $1.75 The cost of retained earnings is

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