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Business, 27.11.2019 02:31 famouzgal

Eakins inc.'s common stock currently sells for $15.00 per share, the company expects to earn $2.75 per share during the current year, its expected payout ratio is 70%, and its expected constant growth rate is 6.00%.new stock can be sold to the public at the current price, but a flotation cost of 8% would be incurred. by how much would the cost of new stock exceed the cost of retained earnings? (do not round your intermediate calculations.)a. 0.67%b. 0.89%c. 0.78%d. 1.12%e. 1.45%

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