Question
If Miner, Inc. had to issue new stock its flotation costs would be 10%. Their common stock is selling for $23.00 per share, its most
If Miner, Inc. had to issue new stock its flotation costs would be 10%. Their common stock is selling for $23.00 per share, its most recent dividend was $1.14 and its expected growth rate is 8%. What is their new re (cost of newly issued common stock)?
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Financial Accounting A Focus On Interpretation And Analysis
Authors: Richard F Kochanek, A Douglas Hillman
7th Edition
1111061750, 9781111061753
