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Glenna Gayle common stock sells for $55, and flotation costs on issuing new stock will be 8% of the market price. Dividends paid last year

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Glenna Gayle common stock sells for $55, and flotation costs on issuing new stock will be 8% of the market price. Dividends paid last year were $1.35. The dividends are predicted to have a 10% growth rate. What is the cost of the common stock for Glenna Gayle? D15 NP = Kncs =

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