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Jupiter Co. plans to raise funds by selling stocks. The dividend on the stocks expected for this year $4 per share (D1=$4). The dividends are

Jupiter Co. plans to raise funds by selling stocks. The dividend on the stocks expected for this year $4 per share (D1=$4). The dividends are expected to grow at the rate of 6% per year forever. If the stock is priced at $25 a share, the cost of stock financing ( ignoring flotation costs) must be?

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