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QUESTION
A company pays a dividend of $1. It is expected to grow at 3% Annually. The stock is priced at $12.
company pays a dividend of $1.85. It is expected to grow at 3% Annually. The stock is priced at $12.50 with float cost of 15% The marginal tax rate for the company is 40%, what will The cost of newly-issued stocks be?
