Question
Greshak Corp. plans to issue common stock in a public offering at a price of $120.00 per share. The projected dividend per share is $8.00
Greshak Corp. plans to issue common stock in a public offering at a price of $120.00 per share. The projected dividend per share is $8.00 and it is expected to grow by 4.0 percent in the future. If flotation costs are 10.0 percent of the issues gross proceeds, what is the cost of Greshak's external equity?
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
15th edition
134796551, 134796550, 978-0134796550
