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Question 4 You are required to answer the following questions by showing relevant workings. d. Patah Hati Berhad's common stock is selling for RM22.00 per

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Question 4 You are required to answer the following questions by showing relevant workings. d. Patah Hati Berhad's common stock is selling for RM22.00 per share. The last dividend was RM1.20, and dividends are expected to grow at a 6% annual rate. Flotation costs on new stock sales are 5% of the selling price. Compute the cost of Patah Hati Berhad's new common stock

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