Energias de Portugals common stock is currently selling for ($27.32.) Dividends paid last year were ($0.75). Flotation
Question:
Energias de Portugal’s common stock is currently selling for \($27.32.\) Dividends paid last year were \($0.75\).
Flotation costs on issuing stock will be 12 percent of market price.
The dividends and earnings per share are projected to have an annual growth rate of 13 percent. What is the cost of internal common equity for Energias?
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Related Book For 
Foundations Of Finance
ISBN: 9781292318738
10th Global Edition
Authors: Arthur Keown, John Martin, J. Petty
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