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weaver chocolate co. expects to earn $3.50 per share during the current year, its expected dividend payout ratio is 65%, its expected constant dividend growth rate is 6.0%, and its common stock currently sells for $55.00 per share. new stock can be sold to the public at the current price, but a flotation cost of 5% would be incurred. what would be the cost of equity from new common stock? do not round your intermediate calculations.
Sagot :
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