Thorton Electric Corp. just paid a $2.40 annual cash dividend. It is expected that the future dividends will be $2.40 for the foreseeable future as
Thorton Electric Corp. just paid a $2.40 annual cash dividend. It is expected that the future dividends will be $2.40 for the foreseeable future as no future growth. If the required rate of return by common stockholders is 12 percent, how many shares need to be issued to raise $15,000,000 cash?
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Authors: Stephen L. Nesbitt
2nd Edition
1119944392, 978-1119944393
