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New Energy would like to issue new equity shares if its cost of equity declines to 13.5 percent. The company pays constant growth dividends with

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New Energy would like to issue new equity shares if its cost of equity declines to 13.5 percent. The company pays constant growth dividends with 3 percent dividend growth rate, the company just issued $2.10 per share annual dividend. What does the market price of the stock need to be for the firm to issue the new shares

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