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The JS firms common stock is currently trading at $30 a share. The stock is expected to pay dividend of $3 a share at the

The JS firms common stock is currently trading at $30 a share. The stock is expected to pay dividend of $3 a share at the end of the year and the dividend is expected to grow at a constant rate of 5% a year. If the company were to issue external equity it would incur a 10% flotation cost. What are the costs of internal and external equity?

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