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Your company's stock sells for $45 per share, the last dividend (DO) was $2.8, its growth rate is a constant 4 percent, and the company

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Your company's stock sells for $45 per share, the last dividend (DO) was $2.8, its growth rate is a constant 4 percent, and the company will incur a flotation cost of 13 percent if it sells new common stock. What is the firm's cost of new equity, re? 9.94% 09.44% 10.44% 10.94% 11.44%

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