Question
3m corporation's stock currently trades at $120 per share, the stock expects to pay an $8 dividend this year and stock has a perpetual growth
3m corporation's stock currently trades at $120 per share, the stock expects to pay an $8 dividend this year and stock has a perpetual growth rate of 4%. what is 3M's cost of new common equity if it pays 7% in flotation costs?
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Principles of managerial finance
Authors: Lawrence J Gitman, Chad J Zutter
12th edition
9780321524133, 132479540, 321524136, 978-0132479547
