Question
Messman Manufacturing will issue common stock to the public for $30. The expected dividend and growth in dividends are $3.25 per share and 6%, respectively.
Messman Manufacturing will issue common stock to the public for $30. The expected dividend and growth in dividends are $3.25 per share and 6%, respectively. If the flotation cost is 14% 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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Fundamentals Of Healthcare Finance
Authors: Paula H. Song, Kristin L. Reiter
4th Edition
1640553223, 978-1640553224
