Business, 31.10.2019 06:31 simrankaurdhatt

Edna recording studios, inc., reported earnings available to common stock of $4,200,000 last year. from those earnings, the company paid a dividend of $1.26 on each of its 1,000,000 common shares outstanding. the capital structure of the company includes 40% debt, 10% preferred stock, and 50% common stock. it is taxed at a rate of 40%. if the market price of the common stock is $40 and divendends are expected to grow at a rate of 6% per year for the forseeable future, what is the company's cost of retained earnings financing?

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Edna recording studios, inc., reported earnings available to common stock of $4,200,000 last year. f...

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