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What is the cost of new equity

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Witin's stock price is currently $105.25, and the current quarterly dividend is $0.58. Consensus estimates for Witin indicate a growth rate in earnings of 6% into the foreseeable future. If Witin plans to sell 1 million shares to raise new capital for expansion, what is the cost of new equity if the issuance costs are 8%?

Reference no: EM132644682

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