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Intro Pfizer is expected to pay an annual dividend of $1.85 one year from now. Dividends are expected to grow by 3.9% every year and

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Intro Pfizer is expected to pay an annual dividend of $1.85 one year from now. Dividends are expected to grow by 3.9% every year and the current stock price is $313.1. The company is in the process of issuing new common stock, with flotation costs of $2.6 per share. - Attempt 1/1 for 10 pts. Part 1 What is the cost of new common stock? | 14+ decimals Submit

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