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Calculate the cost of new common equity finance of stock R using Gordon Model Last year model $3.58 Growth Rate of Dividends 7.4% Selling Price

Calculate the cost of new common equity finance of stock R using Gordon Model

Last year model $3.58

Growth Rate of Dividends 7.4%

Selling Price od Stock $48.02

Floatation Cost $4.91

Cost of Common Equity ?

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