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Prescription Pharmacy expects to issue new stock at $25 a share with estimated flotation costs of 7 percent of the market price. The company currently

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Prescription Pharmacy expects to issue new stock at $25 a share with estimated flotation costs of 7 percent of the market price. The company currently pays an annual dividend of $2.15 and has a 4 percent growth rate. What are the costs of retained earnings and new common stock

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