Question
Messman Manufacturing will issue common stock to the public for $30. The expected dividend and the growth in dividends are $2.75 per share and 6%,
Messman Manufacturing will issue common stock to the public for $30. The expected dividend and the growth in dividends are $2.75 per share and 6%, respectively. If the flotation cost is 16% 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 Institutions Management A Risk Management Approach
Authors: Anthony Saunders, Marcia Cornett
6th Edition
0077211332, 9780077211332
