Messman Manufacturing will issue common stock to the public for $ 4 0 . The expected dividend

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Question:

Messman Manufacturing will issue common stock to the public for $

40 .

The expected dividend and the growth in dividends are $

3.75

per share and

5 %,

respectively. If the flotation cost is

15 %

of the issue's gross proceeds, what is the cost of external equity, re

?

Round your answer to two decimal places.

Posted Date: May 18, 2024 11:13 PM

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Messman Manufacturing will issue common stock to the public for $ 4 0 . The expected dividend

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