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Calculate the cost of new common equity financing of stock Q using Gordon Model Round the answers to two decimal places in percentage form Stock

Calculate the cost of new common equity financing of stock Q using Gordon Model

Round the answers to two decimal places in percentage form

Stock Q:

Last Year Dividend: $3.89

Growth Rate of Dividends: 7%

Selling Price of Stock: $43.25

Floatation Costs: $2.80

Cost of Common Equity: ?

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