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Expected cash dividends are $4.00, the dividend yield is 8%, flotation costs are 5% of price, and te growth rate is 3%. Compute the approximate
Expected cash dividends are $4.00, the dividend yield is 8%, flotation costs are 5% of price, and te growth rate is 3%. Compute the approximate cost of new common stock. (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Multiple Choice 12.42% 11.42% 1117 13.52%
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