Boer Inc. expects to pay a dividend 2.0 in one year, it's current stock price is 10.0. and its dividend growth rate is 0.06. If Boer's investment bankers charge a flotation cost of 0.13 as a fraction of the price of a new stock issue, what is Boer's cost of issuing new equity?

A Murphy Inc. preferred stock currently pays a dividend of 15 per year and has a yield of 0.19. What is the current price of Murphy's preferred stock?