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Kellog's Kellogg s common stock is trading at $ 4 5 . 5 7 , and its dividends are expected to grow at a constant

Kellog's
Kelloggs common stock is trading at $45.57, and its dividends are expected to grow at a constant rate of 6%. The company paid a dividend last year of $2.27.
If the company issues stock, they will have to pay a floatation cost per share equal to 5% of selling price.
Calculate the expected dividend in current year.
$___________
Cost of existing common stock (k cs) is ______%
The floatation cost is $________
Cost of common stock for new issuance is _______%

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