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Glaham Restaurants expects to pay a common stock dividend of $1.50 per share next year (d1). Dividends are expected to grow at a 4% rate
Glaham Restaurants expects to pay a common stock dividend of $1.50 per share next year (d1). Dividends are expected to grow at a 4% rate for the foreseeable future. Glahams common stock is selling for $18.50 per share and issuance costs are $3.50 per share. What is Glahams cost of external equity?
20.59%
12.11%
14.00%
10.00%
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