Heavy rain corporation just paid a dividend of 229 per


Heavy Rain Corporation just paid a dividend of $2.29 per share, and the firm is expected to experience constant growth of 5.77% over the foreseeable future. The common stock is currently selling for $64.15 per share. What is Heavy Rain’s cost of retained earnings using the Gordon Model (DDM) approach?

Round the answers to two decimal places in percentage form. (Write the percentage sign in the "units" box)

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Heavy rain corporation just paid a dividend of 229 per
Reference No:- TGS02254700

Expected delivery within 24 Hours