Business, 18.11.2020 17:10 jaustin1961
Don't forget to write down and keep your work so you can compare your answers to the solutions 2 pts D Question 3 Builtrite's common stock is currently selling for $46 a share and the firm just paid an annual dividend of $1.90 per share. Management believes that dividends and earnings should grow at 9% 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)? A. 13.1% B. 8.65% C. 8.91% D. 13.5%
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