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16. What would be the cost of new common stock equity for Thames Shipping if the firm just paid a dividend of $4.25, the stock

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16. What would be the cost of new common stock equity for Thames Shipping if the firm just paid a dividend of $4.25, the stock price is $55.00, dividends are expected to grow at 8.5 percent indefinitely, and flotation costs are $6.25 per share? A. 17.22% B. 16.88% C. 9.46% D. 12.57%

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