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Intro Tesla is expected to pay an annual dividend of $2.38 one year from now. Dividends are expected to grow by 2.5% every year

Intro Tesla is expected to pay an annual dividend of $2.38 one year from now. Dividends are expected to grow by 2.5% every year and the current stock price is $189.9. Tesla is in the process of issuing new common stock, with flotation costs of 3% of the issue price. Part 1 What is the cost of new common stock? Attempt 2/3 for 5 pts. 4+ decimals Submit

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