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very good chocolates' common stock is currently trading at $40 a share the stock is expected to pay a dividend of $4.5 a share at

very good chocolates' common stock is currently trading at $40 a share the stock is expected to pay a dividend of $4.5 a share at the end of the year, and the dividend is expected to grow at a constant rate of 5% a year. what is its cost of common equity for a new issue if chocolates has been advised to set the issue price at $38.41 a shared while it must pay flotations cost of 5% of the issue price

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