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If Miner, Inc. had to issue new stock its flotation costs would be 10%. Their common stock is selling for $23.00 per share, its most

If Miner, Inc. had to issue new stock its flotation costs would be 10%. Their common stock is selling for $23.00 per share, its most recent dividend was $1.14 and its expected growth rate is 8%. What is their new re (cost of newly issued common stock)?

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