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A corporation just issued a dividend of $2 per share on its common stock. The company is trying to maintain a constant growth rate of 5% in its dividends indefinitely. if the stock sells for $32 per share and firms will incur a 10% flotation cost, what is the cost of new common stock? (Please show all work!)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91619758

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