DEF sold stock by under pricing it by $2.00 from its current stock price. It also...
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DEF sold stock by under pricing it by $2.00 from its current stock price. It also had a flotation cost of $1.00. It is expected to pay $1.50 as dividend next year with a dividend growth of 8%. Its current stock price is $32.40. What is its cost of new equity? DEF sold stock by under pricing it by $2.00 from its current stock price. It also had a flotation cost of $1.00. It is expected to pay $1.50 as dividend next year with a dividend growth of 8%. Its current stock price is $32.40. What is its cost of new equity?
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