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LIDL plans to issue shares to deploy its business plan. First Bank, Inc. advises LIDL on that and suggests that shares should sell for 21,0

LIDL plans to issue shares to deploy its business plan. First Bank, Inc. advises LIDL on that and suggests that shares should sell for 21,0 each. In exchange for its services, the bank will charge an upfront 1,3 commission per share. If the required return on LIDL shares is 19%, compute the actual cost per share of the equity issuance.

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