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1 0 eBook Problem Walk - Through Banyan Co . s common stock currently sells for $ 4 5 . 2 5 per share. The
eBook Problem WalkThrough
Banyan Cos common stock currently sells for $ per share. The growth rate is a constant and the company has an expected dividend yield of The expected longrun dividend payout ratio is and the expected return on equity ROE is New stock can be sold to the public at the current price, but a flotation cost of would be incurred. What would be the cost of new equity? Do not round intermediate calculations. Round your answer to two decimal places.
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