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AML Foods expects to issue new stock at $45 a share with estimated flotation costs of 8 percent of the market price. The company currently

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AML Foods expects to issue new stock at $45 a share with estimated flotation costs of 8 percent of the market price. The company currently pays an annual dividend of $3.10 and has a 6 percent growth rate What are the costs of retained earnings and new common stock

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