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A new common stock issue that paid a $1.77 dividend last year.The par value of the stock is $15,and the firms dividends pr share have grown at a rate of 8.1% per year.This growth rate is expected to continue into the foreseeable future.The price of this stock is now 27.63 The cost of capital from the common equity is ____% (round to two decimal places.)
A preferred stock paying a 9.2% dividend on a $146 par value. The cost of the preferred stock is ____% (round to two decimal places) |
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