Dickerson Corporation's common stock is currently selling for $ 3 8 . Last year's dividend was $

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Question:

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?

Posted Date: May 18, 2024 06:05 PM

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Dickerson Corporation's common stock is currently selling for $ 3 8 . Last year's dividend was $

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