Cost of royal retained earnings, Finance Basics

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Cost of royal retained earnings

Royal Mediterranean Cruise Line's common stock is selling for $22 per share. The last dividend was $1.20, and dividends are expected to grow at a 6% annual rate. Flotation costs on new stock sales are 5% of the selling price. What is the cost of Royal's retained earnings?

a. 12.09%

b. 11.45%

c. 11.78%

d. 5.73%

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Finance Basics: Cost of royal retained earnings

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Finance Basics: Cost of royal retained earnings

Reference No:- TGS047271

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Recent Questions Asked Finance Basics

Q : Slope of the capital allocation line

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Request for Solution File

Ask an Expert for Answer!!

Finance Basics: Cost of royal retained earnings

Reference No:- TGS047271

Recent Questions Asked Finance Basics

Q : Slope of the capital allocation line

Q : Explain why ppf before war is different from ppf after war

Q : Determining the cost of new common stock

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