Calculate the cost of new common equity financing of stock



Last Year Dividend

Growth Rate of Dividends

Selling Price of Stock

Floatation Costs

Cost of Common Equity

Stock Q

$4.45

7%

$71.18

$2.18

?

Calculate the cost of new common equity financing of stock Q using Gordon Model

Round the answers to two decimal places in percentage form

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Financial Management: Calculate the cost of new common equity financing of stock
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