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The most recent dividend on ABC common stock was $3.15, and dividends are expected to...

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Finance

The most recent dividend on ABC common stock was $3.15, and dividends are expected to grow indefinitely at a 7.5% annual rate. What is the cost of new common if the stock sells for $50 and the flotation cost is $5 per share?
ABC's weighted average cost of capital (WACC) is:

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