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In the fall of 2022, the Chase Corporation was involved in issuing new common stock at a market price of $40. Dividends last year were
In the fall of 2022, the Chase Corporation was involved in issuing new common stock at a market price of $40. Dividends last year were $2.00 and are expected to grow at an annual rate of 6 percent forever. Flotation costs will be $2.80. What is Chases cost of equity for the new issue?
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