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Year 2015 2014 2013 2012 2011 Dividend per Share $3.01 $2.86 $2.52 $2.25 $2.03 After underpricing and flotation costs, the firm expects to net $27.91
Year 2015 2014 2013 2012 2011 Dividend per Share $3.01 $2.86 $2.52 $2.25 $2.03 After underpricing and flotation costs, the firm expects to net $27.91 per share on a new issue. a. Determine the growth rate of dividends from 2011 to 2015. b. Determine the net proceeds, N,, that the firm will actually receive. c. Using the constant-growth valuation model, determine the cost of retained earnings, rs. d. Using the constant-growth valuation model, determine the cost of new common stock, in: Year 2015 2014 2013 2012 2011 Dividend per Share $3.01 $2.86 $2.52 $2.25 $2.03 After underpricing and flotation costs, the firm expects to net $27.91 per share on a new issue. a. Determine the growth rate of dividends from 2011 to 2015. b. Determine the net proceeds, N,, that the firm will actually receive. c. Using the constant-growth valuation model, determine the cost of retained earnings, rs. d. Using the constant-growth valuation model, determine the cost of new common stock, in
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