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Vogan's Wood Products would like to issue new equity shares if its cost of equity declines to 8.5 percent. The company pays a constant annual
Vogan's Wood Products would like to issue new equity shares if its cost of equity declines to 8.5 percent. The company pays a constant annual dividend of $1.10 a share. What does the market price of the stock need to be for the firm to issue the new shares?
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