Question Completion Status: L A Moving to the next question prevents changes to this answer. Question 2 of 20 Question 2 1.5 points Save Anw A firm has common stock with a market price of $100 per share and the latest dividend paid of 55.24 per share. A new issue of stock is expected to be sold for $98 per share. Flotation costs are expected to total $1 per share. The dividends paid on the outstanding stock over the past five years are as follows: Year Dividend 1 $4.00 2 4.28 3 4.58 4 4.90 5 5.24 The cost of this new issue of common stock is 12.22 percent 12.39 percent 12.76 percent 1233 percent Moving to the next question prevents changes to this answer. Question 2 of 20 8 B