Question: availa Question Completion Status: QUESTION 17 Expected cash dividends are $3.00, the dividend yield is 4%, flotation costs are 4% of price, and the growth

availa Question Completion Status: QUESTION 17 Expected cash dividends are $3.00, the dividend yield is 4%, flotation costs are 4% of price, and the growth rate is 3%. Compute the approximate cost of new common stock 7.00% 7.2% 6.9% 4.2%

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