Calculate the cost of new common equity financing of stock Q using Gordon Model
Round the answers to two decimal places in percentage form (Write the percentage sign in the “units” box)
| Last Year Dividend | Growth Rate of Dividends | Selling Price of Stock | Floatation Costs | Cost of Common Equity | |
| Stock Q | $4.89 | 1% | $35.37 | $3.01 | ? |
