The dividends and stock price of Mikey Company are expected to grow at 7 percent per year after this year. Mickey's common stock sells for P25 per share, its last dividend was P2.50 and the company will pay P2.675 at the end of the current year. Mickey should pay P2.50 flotation cost. What is the expected returns on retained earnings for Mickey Company? O 17.70 percent 18.45 percent 18.89 percent 19.72 percent

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