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Problem 22 You have until 12:30 PM to complete this assignment. Intro Pfizer is expected to pay an annual dividend of $1.85 one year from

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Problem 22 You have until 12:30 PM to complete this assignment. Intro Pfizer is expected to pay an annual dividend of $1.85 one year from now. Dividends are expected to grow by 2.4% every year and the current stock price is $287.6. The company is in the process of issuing new common stock, with flotation costs of $1.5 per share. Attempt 1/1 Part 1 What is the cost of new common stock? 4+ decimals Save

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