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Expected cash dividends are $4.00, the dividend yield is 8%, flotation costs are 4% of price, and the growth rate is 4%. Compute the approximate
Expected cash dividends are $4.00, the dividend yield is 8%, flotation costs are 4% of price, and the growth rate is 4%. Compute the approximate cost of new common stock. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Multiple Choice 14.43% 12.08% 13.33% 12.33%
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