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A stock is trading for 22, and just paid a dividend of 1.2 which is expected to grow at a fraction 0.07 per year. If
A stock is trading for 22, and just paid a dividend of 1.2 which is expected to grow at a fraction 0.07 per year. If Goldman Sacs charges a fraction 0.10 as a flotation cost, what is the required rate of return on a new stock issue?
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