Question
The companys earnings and dividends are growing at a constant rate of 4%; the last dividend (D 0 ) was $5; and the current stock
The companys earnings and dividends are growing at a constant rate of 4%; the last dividend (D0) was $5; and the current stock price is $40. The flotation cost of stock is 10%. What is the flotation premium?
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A Fast And Frugal Finance
Authors: William P. Forbes, Aloysius Igboekwu, Shabnam Mousavi
1st Edition
0128124954, 978-0128124956
