uiz 9 arted: Nov 30 at 4:36pm uiz Instructions Question 3 5 pts Asian Trading Company paid a dividend yesterday of $5 per share (D-$4). The dividend is expected to grow at a constant rate of 8% per year. The price of Asian Trading Company's stock today is $29 per share.If Asian Trading Company decides to issue new common stock,flotation costs will equal $2.50 per share. Asian Trading Companys marginal tax rate is 35%. Based on the above information, the cost of new common stock O 24.12%. 2838% 2662% FSS 345 67 8 90