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D Question 1 5 pts Suppose Tesla Corp is issuing new common stock at a market price of $21. The company gave $0.82 dividend
D Question 1 5 pts Suppose Tesla Corp is issuing new common stock at a market price of $21. The company gave $0.82 dividend last year and expects it to grow at an annual rate of 4.3% in the foreseeable future. If the flotation costs is expected to be 1.3% of market price of the stock then, what is company's cost of equity? (State your answer in percentage with two decimal point)
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Accounting For Managers Interpreting Accounting Information for Decision Making
Authors: Paul M. Collier
4th edition
978-111997967, 1119979676, 978-1119979678
