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A company just paid a $1.33 dividend, expected to grow at 2.9% forever. The stock sells for $15.00; if the investment bank charges a $.95

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A company just paid a $1.33 dividend, expected to grow at 2.9% forever. The stock sells for $15.00; if the investment bank charges a $.95 per share charge for creating and marketing the shares, what is the cost of new common stock financing for the firm? 8.28% 10.83% 9.30% 12.64% none of the above

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