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If new common stock issue incurs a flotation cost of 20% of the proceeds, what is the cost of the newly issued equity if DO=4,g=10%,P0=50

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If new common stock issue incurs a flotation cost of 20% of the proceeds, what is the cost of the newly issued equity if DO=4,g=10%,P0=50 ? 18.8% none of the above 18.0% 21.0% 11.0%

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