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Section One Spy Gear's next expected dividend is $ 3 . 1 8 ; its growth rate is 6 % and the stock now sells

Section One Spy Gear's next expected dividend is $3.18; its growth rate is 6% and the stock now sells for $36. New stock can be sold to net the firm $32.50 per share. What is Section One's cost of new common stock?09.78%O 14.83%O 15.36%O 15.78%16.37%

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