12-88. (Cost of inte17lal equity) The common stock for Oxford, Inc., is currently selling for $22.50. Dividends
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12-88. (Cost of inte17lal equity) The common stock for Oxford, Inc., is currently selling for
$22.50. Dividends last year were $.80. Flotation costs on issuing stock will be 10 percent of market price. The dividends and earnings per share are projected to have an annual gTOwth rate of
\6 percent. What is the cost of internal common equity for Oxford?
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Related Book For 
Financial Management Principles And Applications
ISBN: 9780131450653
10th Edition
Authors: Arthur J. Keown, J. William Petty, John D. Martin, Jr. Scott, David F.
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