Question
A stock is trading for 19, and just paid a dividend of 1.0 which is expected to grow at a fraction 0.04 per year.If Goldman
A stock is trading for 19, and just paid a dividend of 1.0 which is expected to grow at a fraction 0.04 per year.If Goldman Sacs charges a fraction 0.12 as a flotation cost, what is the required rate of return on a new stock issue?
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Management Science The Art Of Modeling With Spreadsheets
Authors: Stephen G. Powell, Kenneth R. Baker
3rd Edition
0470530677, 978-0470530672
