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Using the dividend growth model calculate the cost of new equity. The price of a share of stock is $95.96 The current dividend is $3.43/share.
Using the dividend growth model calculate the cost of new equity. The price of a share of stock is $95.96 The current dividend is $3.43/share. The expected growth of the dividend is 5%. There is flotation costs of $3. What is the cost of niew common stock? Post your answer as a percentage with one decimal place
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