(Cost of common equity) Falon Corporation is issuing new common stock at a market price...
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(Cost of common equity) Falon Corporation is issuing new common stock at a market price of $27.64. Dividends last year were $1.23 and are expected to grow at an annual rate of 6.8 percent forever. What is Falon's cost of common equity capital?
The company's cost of common equity is
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