A company has common stock that can be sold for $54.92 per share. the stock paid a
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A company has common stock that can be sold for $54.92 per share. the stock paid a dividend at the end of last year of $3.13. Dividends are expected to grow at an annual rate of 11% indefinitely. Floatation costs associated with the sale of stock equal $2.86 per share, what is the corporation's cost of external equity? submit your answer as a percentage and round to two decimal places.
Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
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