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Aramex company issues stocks for $28 per share. It expects to pay a dividend of $6 at the end of the year. The flotation cost

Aramex company issues stocks for $28 per share. It expects to pay a dividend of $6 at the end of the year. The flotation cost is $2 per share. The company expects its dividends to grow at 3% per annum. Calculate the cost of common stock

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