Question
Messman Manufacturing will issue common stock to the public for $45. The expected dividend and the growth in dividends are $4.00 per share and 3%,
Messman Manufacturing will issue common stock to the public for $45. The expected dividend and the growth in dividends are $4.00 per share and 3%, respectively. If the flotation cost is 15% of the issue's gross proceeds, what is the cost of external equity, re? Round your answer to two decimal places.
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Middle Market M And A Handbook For Advisors Investors And Business Owners
Authors: Kenneth H. Marks, Christian W. Blees, Michael R. Nall, Thomas A. Stewart
2nd Edition
1119828104, 978-1119828105
