Question
Pfizer is expected to pay an annual dividend of $1.85 one year from now. Dividends are expected to grow by 2.8% every year and the
Pfizer is expected to pay an annual dividend of $1.85 one year from now. Dividends are expected to grow by 2.8% every year and the current stock price is $239.2. The company is in the process of issuing new common stock, with flotation costs of $1.3 per share.
What is the cost of new common stock?
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Governing Global Finance
Authors: Michele Fratianni, Paolo Savona
1st Edition
1138742147, 978-1138742147
