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Moving to another question will save this response. Question 31 of 363 Question 31 3 points Suve Anne A firm has common stock with a market price of $150 per share and an expected dividend of 35.61 per share at the end of the coming year. A new issue of stock is expected to be sold for 5148, with the 52 per share representing the underpricing necessary in the competitive capital market. Flotation costs are expected to total 51 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 12.8 percent Oa Ob..percent 5.8 percent Od 10.8 percent Moving to another question will save this response Question 31 of 36
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