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Your company's stock sells for $45 per share, the last dividend (DO) was $2.8, its growth rate is a constant 4 percent, and the company
Your company's stock sells for $45 per share, the last dividend (DO) was $2.8, its growth rate is a constant 4 percent, and the company will incur a flotation cost of 13 percent if it sells new common stock. What is the firm's cost of new equity, re? 10.94% 9.44% 9.94% O 11.44% 0 10.44%
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