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In the spring of 2015, The Brille Corporation was involved in issuing new common stock or a market Price of 35. Dividends last year were

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In the spring of 2015, The Brille Corporation was involved in issuing new common stock or a market Price of 35. Dividends last year were 1.50 are expected to grow at an annual rate of 5% forever. Floatation costs will be 6% of market price. What is Brille's cost of equity for the new issue

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