Question
Brille Corporation is issuing new common stock at a market price of $28. Dividends last year were $ 1.45 and are expected to grow at
Brille Corporation is issuing new common stock at a market price of $28. Dividends last year were $ 1.45 and are expected to grow at an annual rate of 8 percent forever. Flotation costs will be 8 percent of market price. What is Brille's cost of external comman equity?
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Financial Statement Analysis
Authors: Andrew P.C.
1st Edition
1520985002, 978-1520985008
