Boer Inc. expects to pay a dividend 1.2 in one year, it's current stock price is 10. and its dividend growth rate is 0. If Boer's investment bankers...
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Boer Inc. expects to pay a dividend 1.2 in one year, it's current stock price is 10.0. and its dividend growth

rate is 0.20. If Boer's investment bankers charge a flotation cost of 0.07 as a fraction of the price of a new stock issue. Question: what is Boer's cost of issuing new equity?

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