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Sunny Day Manufacturing Company has a current stock price of $ 2 2 . 3 5 per share, and is expected to pay a per
Sunny Day Manufacturing Company has a current stock price of $ per share, and is expected to pay a pershare dividend of $ at the end of next year. The companys earnings and dividends growth rate are expected to grow at the constant rate of into the foreseeable future. If Sunny Day expects to incur flotation costs of of the value of its newlyraised equity funds, then the flotationadjusted net cost of its new common stock rounded to two decimal places should be
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