Question
CIS common stock currently pays a dividend of $2 per share and trades for $40 per share. New shares can be issued with a $1.5
CIS common stock currently pays a dividend of $2 per share and trades for $40 per share. New shares can be issued with a $1.5 per share floatation cost CIS is expected to grow at 5%. What is the cost of a new stock issue?
12.41%
16.35%
10.45%
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Handbook Of Global Financial Markets
Authors: Sabri Boubaker, Duc Khuong Nguyen
1st Edition
9813236647, 978-9813236646
