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- 9-3. (Cost of equity) In the spring of 2018, the Brille Corporation was involved in issuing new common stock at a market price of

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- 9-3. (Cost of equity) In the spring of 2018, the Brille Corporation was involved in issuing new common stock at a market price of $35. Dividends last year were $1.50 and are expected to grow at an annual rate of 8 percent forever. Flotation costs will be 6 percent of market price. What is Brille's cost of equity for the new issue

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