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Brille Corporation is issuing new common stock at a market price of $27. Dividends last year were 1.30 and are expected to grow at an
Brille Corporation is issuing new common stock at a market price of $27. Dividends last year were 1.30 and are expected to grow at an annual rate of 11 percent forever. Flotation costs will be 8 percent of market price. What is Brille's cost of equity? Brille's cost of external common equity is? %
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