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26. A firms stock is selling for $78. The next annual dividend is expected to be $2.34. The growth rate is 9%. The flotation

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$2.34 Next expected annual dividend, D1 = Growth rate, g 9% Net proceeds from stock, Np = Current price of stock - Flotation

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26. A firm's stock is selling for $78. The next annual dividend is expected to be $2.34. The growth rate is 9%. The...
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