Calculate the cost of new common equity financing of stock Q using Gordon Model Round the answers
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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(Write the percentage sign in the "units" box)
Last Year Dividend\$3.88
Growth Rate of Dividends\3%
Selling Price of Stock\$58.62
Floatation Costs\$3.94
Cost of Common Equity\?
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