Question
(Cost of equity) Brille Corporation is issuing new common stock at a market price of $33. Dividends last year were $1.45 and are expected to
(Cost of equity) Brille Corporation is issuing new common stock at a market price of $33. Dividends last year were $1.45 and are expected to grow at an 6 annual rate of percent forever. Flotation costs will be 7 percent of market price.
What is Brille's cost of equity? Brille's cost of external common equity is ???
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Fundamentals Of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
16th Edition
0357517571, 978-0357517574
