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show steps please What is the cost of funds from issuing new shares of common stock with the Dividend Growth Model? Use the following information

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What is the cost of funds from issuing new shares of common stock with the Dividend Growth Model? Use the following information to calculate each component of the weighted average cist if capital use the following information as appropriate: Marginal corporate tax rate: 25% Bonds with $1,000 face value with a 6% coupon rate with semi-annual payments matures in 10 years now sells for $864.10 Preferred stock dividend $3.50 Preferred stock price $55.00 $1.00 Current common stock dividend per share Price per share of common stock $12.00 10% Floatation cost to sell new common stock 4% Forecast rate of growth for corporation 4% Risk free interest rate Market rate of return 10% Beta for firm 1.2 has floatation costs) with the dividend growth model

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