Question
A company has common stock that can be so much for $30.40 per share. The stock paid dividends at the end of the year for
A company has common stock that can be so much for $30.40 per share. The stock paid dividends at the end of the year for $3.99. Dividends are expected to grow at an annual rate of 6% indefinitely. Flotation cost associated with sale of stock equal $4.58 per share. What is the corporations cost of external equity?
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Return Distributions In Finance
Authors: Stephen Satchell, John Knight
1st Edition
0750647515, 978-0750647519
