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QUESTION

Calculate the cost of new common equity financing of stock Q using Gordon Model Round the answers to two decimal places in percentage form Last Year

Calculate the cost of new common equity financing of stock Q using Gordon Model

Round the answers to two decimal places in percentage form

                                    Last Year Dividend      Growth Rate of Dividends      Selling Price of Stock     Floatation Costs     Cost of Common Equity

Stock Q                               $2.09                                  1%                                   $57.11                             $3.10                              ?

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