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48) Calculate the Flotation Adjustment if the following is known: The next dividend = $3.20 Growth Rate = 5.5% Current Stock Price = $63 Flotation

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48) Calculate the Flotation Adjustment if the following is known: The next dividend = $3.20 Growth Rate = 5.5% Current Stock Price = $63 Flotation Costs = $4.25 per share a. 10.95% b. 0.54% c. 0.42% d. 0.37% e. 6.75%

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