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need answer of part B all information is in there Ellington Electronics wants you to calculate its cost of common stock. During the next 12
need answer of part B
all information is in there
Ellington Electronics wants you to calculate its cost of common stock. During the next 12 months, the company expects to pay dividends (z) of $3.30 per share, and the current price of its common stock is $68 per share. The expected growth rate is 3 percent. (Do not round intermediate calculations, Round the final answers to 2 decimal places.) a. Compute the cost of retained earnings e) Cost of retained earnings 785 % b. If a $40 fotation cost is involved, compute the cost of new common stock) Cost of new common stock 816 Step by Step Solution
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