Question
A company has a common stock that can be sold for $33.09 per share. The stock paid a dividend at the end of last year
A company has a common stock that can be sold for $33.09 per share. The stock paid a dividend at the end of last year of $1.47. Dividends are expected to grow at an annual rate of 8% indefinetly. Flotation costs associated with the sale of $5.68 per share. What is the corporation cost of external equity?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
15th edition
1337671002, 978-1337395250
