Banana Republic's stock price is $51.06. The board of directors decided to pay $2.76 in...
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Banana Republic's stock price is $51.06. The board of directors decided to pay $2.76 in dividends this year. Historically, the dividends have grown 2% per year. The firm marketing their stock is charging $1 in flotation cost and commissions. What is the cost of issuing new equity? Post your answer as a percentage to 1 decimal place. 7.6 for example
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