EMC Companys just paid a dividend of $2.00. Its dividend growth rate is 3%; and its common stock now sells for $28.90. New stock, after adjusting for flotations costs, can be sold at a net price of $28.00 per share. What is EMCs cost of new common stock?

A - 10.13%

B - 10.58%

C - 10.36%

D - 10.30%

EMC Company's just paid a dividend of $2.00. Its dividend growth rate is 3%; and its common stock now sells for $28.90. New stock, after adjusting for flotations costs, can be sold at a net price of $28.00 per share. What is EMC's cost of new common stock? 10.13% 10.58% 10.36% 10.30%