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The firm issued a new stock for $15, with the $1.10 dividend just paid, expected to grow at 6%. The flotation cost of selling new

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The firm issued a new stock for $15, with the $1.10 dividend just paid, expected to grow at 6%. The flotation cost of selling new common stock is $1.15. What's the cost of new common stocks? 15% 13.77% 14.42% 11.32% The firm issued a new stock for $15, with the $1.10 dividend just paid, expected to grow at 6%. The flotation cost of selling new common stock is $1.15. What's the rate of return for an investor on this new common stocks? O 15% O 13.77% 14.42% 11.32%

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