Question
Falon Corporation is issuing new common stock at a market price of $28.17 Dividends last year were $1.23 and are expected to grow at an
Falon Corporation is issuing new common stock at a market price of $28.17 Dividends last year were $1.23 and are expected to grow at an annual rate of 6.9 percent forever. What is Falon's cost of common equity capital?
The company's cost of common equity is.......%. (Round to two decimal places.)
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Foundations Of Finance
Authors: Arthur J. Keown, John H. Martin, J. William Petty
10th Edition
0135160618, 978-0135160619
