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Royal Mediterranean cruise lines common stock is selling for $28 per share. The last dividend was $1.25 and dividends are expected to grow at an

Royal Mediterranean cruise lines common stock is selling for $28 per share. The last dividend was $1.25 and dividends are expected to grow at an 8% annual rate. Floatations costs on new stock sales are 5% of the selling price. What is the cost of royals new common stock

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