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15. (Cost of Internal Equity) Pathos Co.'s common stock is currently selling for Rs70.50. Dividends paid last year were Rs.68. Flotation costs on issuing stock

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15. (Cost of Internal Equity) Pathos Co.'s common stock is currently selling for Rs70.50. Dividends paid last year were Rs.68. Flotation costs on issuing stock will be 11 percent of market price. The dividends and earnings per share are projected to have an annual growth rate of 12 percent. What is the cost of internal common equity for Pathos

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