Question: Expected cath dividends are 55.00, the dividend yield is 8%, flotation costs are 5% of price, and the growth rate is 4* Compute the approximate

Expected cath dividends are 55.00, the dividend yield is 8%, flotation costs are 5% of price, and the growth rate is 4* Compute the approximate cost of new common stock (Do not round intermediate calculations. Round your answer to 2 decimal places.) Mur Choice o 1452 O 13 W 12.17 12421

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