Question 48 6 points Save Answer Firm A's stock is currently selling at $25 per share. The stock just paid a dividend (Do) of $1, and the dividend is expected to grow at a constant rate of 7%. If the company decides to sell new common stock, the flotation costs associated with the new stock issuance is 15% of the proceeds. Given the above information, which of the following is the cost of issuing new common stock? a. 12.04% b. 11.97% O c. 14.84% O d. 12.63%