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What is the cost of external common equity? Current stock price is 24$ but flotation expense of 7% anticipayed constant dividends earning ratio of 30%

What is the cost of external common equity?

Current stock price is 24$ but flotation expense of 7% anticipayed

constant dividends earning ratio of 30%

growth rate of 11% per year

par value is $15

1.40 dividend last year

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