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Home Depot is prepared to issue new stocks at a price of $66. the new stocks willpay a dividend of $4.80 next year and digidends

Home Depot is prepared to issue new stocks at a price of $66. the new stocks willpay a dividend of $4.80 next year and digidends are expected to increase by 5.00% thereafter. what is the cost of equity raised by new stock if floation costs are 8%?

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