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Problem 10 * Intro Tesla is expected to pay an annual dividend of $2.38 one year from now. Dividends are expected to grow by 2.8%

Problem 10 * Intro Tesla is expected to pay an annual dividend of $2.38 one year from now. Dividends are expected to grow by 2.8% every year and the current stock price is $180.9. Tesla is in the process of issuing new common stock, with flotation costs of 4% of the issue price. I Attempt 1/5 for 10 pts. Part 1 What is the cost of new common stock? + decimals Submit

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