Question 11 1 pts EMC Co. just paid a dividend of $0.90. Its future dividends are expected grow at 6% per year. Its common stock currently sells for $45.50 per share. New stock, after adjusting for flotations costs can be sold at a net price of $40.00 per share. What is EMC's cost of new common stock? 8.39% 8.25% 7.98% 8.10%