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A firm's stock is presently priced at PHP 120 per share. its most recent dividend was PHP 7.50 per share. The dividend growth rate is

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A firm's stock is presently priced at PHP 120 per share. its most recent dividend was PHP 7.50 per share. The dividend growth rate is 9%. The firm projects that it will recelve PHP 109 per share after underpricing and flotation costs on a new issuance of shares. Solve for the cost of new common stock. 15.25% 15.81% 15 agh 16,508

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