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Uber plans to sell shares of common stock to raise capital funds. They estimate that each share of common stock will sell for $192, but

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Uber plans to sell shares of common stock to raise capital funds. They estimate that each share of common stock will sell for $192, but their investment bank will charge a 4% fee. The face value is $192 per share. Uber also plans to pay a dividend each year of 8% while maintaining an annual growth rate of 9% to keep their shareholders happy. What is Uber's cost of capital of this common stock (effective yearly percentage rate)

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