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Problem:

A company issues a common stock to the public for $35.00. The expected dividend and growth in dividends are $2.08 per share and 6.60%, respectively. If the flotation cost is 13.60% of the issue's gross proceeds,

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Question 1: What is the cost of external equity, re? Explain in detail.

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Category:- Basic Finance
Reference No.:- M91146207

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