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Expected cash dividends are $3.00, the dividend yield is 6%, flotation costs are 3% of price, and the growth rate is 4%. Compute the approximate
Expected cash dividends are $3.00, the dividend yield is 6%, flotation costs are 3% of price, and the growth rate is 4%. Compute the approximate cost of new common stock. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Multiple Choice 9.94% 11.19% 12.29% 10.19%
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Foundations Of Financial Management
Authors: Stanley B Block, Geoffrey A Hirt
12th Edition
0073295817, 9780073295817
