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

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

image text in transcribed Calculate the cost of new common equity financing of stock Q using the Gordon model. Round the answer to two decimal places in percentage form. Stock Q Last Year Dividend Growth Rate of Dividends Selling Price of Stock Flotation Costs Cost of Common Equity $2.4 4% $70.52 $3.04

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