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The Evanec Company's next expected dividend is $2.10; its growth rate is 5.10%; and its common stock now sells for $51.00. New stock can be
The Evanec Company's next expected dividend is $2.10; its growth rate is 5.10%; and its common stock now sells for $51.00. New stock can be sold to net $41.00 per share. a. What is Evanec's cost of retained earnings? b. What is Evanec's percentage flotation cost? c. What is Evanec's cost of new common stock? a)10.22%; b)24.39%; c)9.22% a)10.22%; b) 19.61%; c) 9.22% a)9.22%; b) 19.61%; c) 10.22% a)9.43%; b)19.61%; c) 10.48% a)9.22%; b)24.39%; c)10.22%
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