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Tyler Inc.'s common stock currently sells for $125.00 per share, the company expects to earn $5.75 per share during the current year, its expected payout

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Tyler Inc.'s common stock currently sells for $125.00 per share, the company expects to earn $5.75 per share during the current year, its expected payout ratio is 40%, and its expected constant growth rate is 3.00%. New stock can be sold to the public at the current price, but a flotation cost of 8.5% would be incurred. Which of the following would be closest to the difference between the cost of new stock and the cost of common stock from reinvested earnings? Hint: To help you to identify the correct choice, in your calculation, please keep at least 4 decimal places for percentage expression (such as 1.0254% ) until you get your final answer. A) 0.10% B) 0.15% C) 0.17% D) 0.22% E) 0.28%

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