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Pfizer is expected to pay an annual dividend of $1.85 one year from now. Dividends are expected to grow by 2.5% every year and the

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Pfizer is expected to pay an annual dividend of $1.85 one year from now. Dividends are expected to grow by 2.5% every year and the current stock price is $324.9. The company is in the process of issuing new common stock, with flotation costs of $3 per share. Attempt 1/1 What is the cost of new common stock

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