Question
11.The Cost of Equity and Flotation Costs Messman Manufacturing will issue common stock to the public for $45. The expected dividend and growth in dividends
11.The Cost of Equity and Flotation Costs
Messman Manufacturing will issue common stock to the public for $45. The expected dividend and growth in dividends are $2.00 per share and 4%, respectively. If the flotation cost is 14% of the issue's gross proceeds, what is the cost of external equity, re? Round your answer to two decimal places.
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Financial Management In Construction Contracting
Authors: Andrew Ross, Peter Williams
1st Edition
1405125063, 9781405125062
