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Question 3 of 5 3 Points BN Unicorn Co.common stock has a beta of 1.34 and is expected to pay a $2.41 dividend over the
Question 3 of 5 3 Points BN Unicorn Co.common stock has a beta of 1.34 and is expected to pay a $2.41 dividend over the next year. The dividend is expected to grow at the constant rate of 5% per year. The risk-free rate is 0.53% and the return on the market index is 7.33%. What is the cost of new equity to the firm, in %, to the nearest 0.01%, if the flotation costs of issuing it are 7967 (Drop the 96 symbol.)
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