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5. Sutter Corporation's common stock is selling for $16.80 a share. Flotation costs will be 5% of the market price. Last year-Sutter paid a dividend
5. Sutter Corporation's common stock is selling for $16.80 a share. Flotation costs will be 5% of the market price. Last year-Sutter paid a dividend of S.80. Investors are expecting Sutter's dividends togrow at an annual rate of 5% per year. What is the cost of the common stock? 1 6. The common stock for El Yiss Company currently sells for $20 per share. The firm just paid a dividend of $1.50. Dividends per share are anticipated to grow at 4.89%. Flotation costs for new shares will be 6% of the selling price. Calculate the cost of the common stock. DO g D1 Market price Flotation rate Flotation costs Net proceeds kcs=
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