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c) A firm's common stock has D 1 = $1.50; P 0 = $30; g = 5%; and floatation costs, F = 4%. If the

c) A firm's common stock has D₁ = $1.50; P₀ = $30; g = 5%; and floatation costs, F = 4%. If the firm must issue new stock, what is its cost of new external equity?

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