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a company expects to issue a new stock at $58 a share with eatimated flotation costs of 6.5 percent of the market price. the company

a company expects to issue a new stock at $58 a share with eatimated flotation costs of 6.5 percent of the market price. the company currently pays a 1.75 cash dividend and has a 5 percent growth rate. what are the costs of the new common stock?

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