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Auto Manufacturing has common stock that is presently trading at $27. The company paid a dividend today at $2.00 per share. The growth in dividends
Auto Manufacturing has common stock that is presently trading at $27. The company paid a dividend today at $2.00 per share. The growth in dividends is 5%. If the company plans to issue a similar stock with floatation cost of 10% of the issue proceeds, what is the cost of external equity?
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