Question
1.Assume the same facts as in Problem4 above except that Kroft & Sons will raise all equity by issuing new stock.If the flotation costs are
1.Assume the same facts as in Problem4 above except that Kroft & Sons will raise all equity by issuing new stock.If the flotation costs are 10% of proceeds, what is Kroft & Sons' cost of new equity?
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Personal Finance
Authors: Jack R. Kapoor, Les R. Dlabay, Robert J. Hughes, Melissa Hart
12th edition
1259720683, 978-1259720680
