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You have until 10:00 PM to complete this assignment Intro Pfizer is expected to pay an annual dividend of $1.85 one year from now. Dividends

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You have until 10:00 PM to complete this assignment Intro Pfizer is expected to pay an annual dividend of $1.85 one year from now. Dividends are expected to grow by 3.4% every year and the current stock price is $250.1. The company is in the process of issuing new common stock, with flotation costs of $2 per share. Attempt 1/1 for 10 pts. Part 1 What is the cost of new common stock? 4+ decimals Save

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