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Given: Market price per share = PHP 150, dividend growth rate =15%, projected dividend per...

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Given: Market price per share = PHP 150, dividend growth rate =15%, projected dividend per share ( for next year) = PHP 5 , underpricing per share = PHP 15, flotation cost per share = PHP 2.85. Compute for the cost of retained earnings. 18.70% 18.33% 18.40% 18.78%

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