It is impossible for a property and liability insurance company to grow too fast.

One of the two conditions for funds other than the General Fund to be considered major is that total assets, liabilities, revenues or expenditures of the individual governmental fund are ______.

Fill in the blank(s) with the appropriate word(s).

The risk-free rate of return is 2.5% and the market risk premium is 8%. Rogue Transport has a beta

of 2.2 and a standard deviation of returns of 28%. Rogue Transport's marginal tax rate is 35%. Analysts expect Rogue Transport's dividends to grow by 6% per year for the foreseeable future. Using the capital asset pricing model, what is Rogue Transport's cost of retained earnings? A) 17.7% B) 20.1% C) 16.4% D) 19.6%