Question: Expected cash dividends are $2.00 , the dividend yield is 8% flotation costs are 3% of price, and the growth rate is 2% Compute the

Expected cash dividends are $2.00 , the dividend yield is 8% flotation costs are 3% of price, and the growth rate is 2% Compute the approximate cost of new common stock. (Do not round intermediate calculations Round your answer to 2 decimal

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