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(Cost of equity) Brille Corporation is issuing new common stock at a market price of $29. Dividends last year were $1.70 and are expected to
(Cost of equity) Brille Corporation is issuing new common stock at a market price of \$29. Dividends last year were $1.70 and are expected to grow at an annual rate of 11 percent forever. Flotation costs will be 9 percent of market price. What is Brille's cost of equity? Brille's cost of external common equity is \%. (Round to two decimal places.)
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School Finance A Policy Perspective
Authors: Allan Odden, Lawrence Picus
5th Edition
0078110289, 978-0078110283
