common stock currently sells for $ 5 5 . 0 0 per share, the company expects to
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common stock currently sells for $ per share, the company expects to earn $per share during the current year, its expected payout ratio is and its expected constant growth rate is New stock can be sold to the public at the current price, but a flotation cost of would be incurred. By how much would the cost of new stock exceed the cost of common from retained earnings?
Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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