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27. Suppose Alpha Plc's stock sells for $23; its next expected dividend is $1.24; and its expected growth rate is 8 percent. Alpha Plc has

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27. Suppose Alpha Plc's stock sells for $23; its next expected dividend is $1.24; and its expected growth rate is 8 percent. Alpha Plc has a flotation cost of 10%, calculate the cost of new common equity

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