Question
Last year the Black Water Inc. paid dividends $4.12. Company's dividends are expected to grow at an annual rate of 6% forever. The company's common
Last year the Black Water Inc. paid dividends $4.12. Company's dividends are expected to grow at an annual rate of 6% forever. The company's common stock is currently selling on the market for $88.43. The investments banker will charge flotation costs $2.21 per share. Calculate the cost of common equity financing using Gordon Model.Round the answers to two decimal places in percentage form.
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Technical Analysis The Complete Resource for Financial Market Technicians
Authors: Charles D. Kirkpatrick, Julie R. Dahlquist
1st edition
134137043, 134137049, 978-0131531130
