Question
Messman Manufacturing will issue common stock to the public for $50. The expected dividend and the growth in dividends are $3.75 per share and 4%,
Messman Manufacturing will issue common stock to the public for $50. The expected dividend and the growth in dividends are $3.75 per share and 4%, respectively. If the flotation cost is 11% 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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Financial Management Principles And Applications
Authors: Sheridan Titman
9th Edition
0655705457, 9780655705451
