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Suppose Apple Inc is issuing new common stock at a market price of $11. The company gave $0.80 dividend last year and expects it to
Suppose Apple Inc is issuing new common stock at a market price of $11. The company gave $0.80 dividend last year and expects it to grow at an annual rate of 2.2% in the forseeable future. If the flotation costs is expected to be 1.9% of market price of the stock then, what is the companys cost of equity? State your answer in percentage with two decimal point
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Enhancing Financial Inclusion Through Islamic Finance Volume II
Authors: Abdelrahman Elzahi Saaid Ali , Khalifa Mohamed Ali , Mohamed Hassan Azrag
1st Edition
3030399389,3030399397
