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A stock is trading for $28.04, and just paid a dividend of $0.7 which is expected to grow at 2% per year. If Goldman Sachs charges 5% of the price as a flotation cost, what is the required rate of return on a new stock issue? Round the answer to two decimals in percentage form. Please write \% sign in the units box. Answer: 4.42(4.68)% D View question 2 feedback