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The next dividend is expected to be $2.50 and the current dividend yield is 6%. The sustainable growth rate is 3% and the flotation costs

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The next dividend is expected to be $2.50 and the current dividend yield is 6%. The sustainable growth rate is 3% and the flotation costs for new common equity is 4%. Calculate the cost of the new common equity (Kn). The stock is currently selling for $41.67. Multiple Choice 9.38% 9.25 9.18% 900

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