Question
X Corp paid dividends to OS last year by 2.20 per share. The current market price of Ordinary Shares is 40 per share and investors
X Corp paid dividends to OS last year by 2.20 per share. The current market price of Ordinary Shares is 40 per share and investors expect that dividend to grow by 6% by next year. Cost to issue OS is 5% of market value. What is the cost of new common stock?
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Financial Accounting with International Financial Reporting Standards
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
4th edition
1119504309, 1-119-50340-8, 9781119503408 , 978-1119504306
