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Continued from the previous question. Assume that the floatation cost of new stock issuing is 1.5%. What is Global's cost of common stock if it

Continued from the previous question. Assume that the floatation cost of new stock issuing is 1.5%. What is Global's cost of common stock if it has to issue new common stock?

a. 19.65%

b. 16.23%

c. 18.65%

d. 17.99%

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