Dickerson Corporation's common stock is currently selling for $38. Last year's dividend was $4.00 per share. Investors expect dividends to grow at an annual rate of 7 percent indefinitely. Flotation costs of 4% will be incurred when new stock is sold.

What is the cost of internal common equity?

What is the cost of new common equity?

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i The cost of internal common equity The cost of internal common equity is the cost of equ... View the full answer