Force Completion Once started this test must be completed in one sitting. Do not leave the test before cacking Save and Submit Your answers are saved automacally Remaining Time: 23 minutes, 18 seconds Question Completion Status: Moving to another question will save this response Queston 23 of 25 > >> Question 23 4 points Saved As the winner of a contest, you are now CFO for the day for Maguire Inc. and your day's job involves raising capital for expansion. Maguire's common stock currently sells for $45.00 pet share, the company expects to earn $3 25 per share during the current year, its expected payout ratio is 70% and its expected constant growth rate is 6.00% New stock can be sold to the public at the current price, but a flotation cost of 5% would be incurred By how much would the cost of new stock exceed the cost of common from reinvested earnings? 0.09% O a OD 0.19% 0 56% 0.27% Moving to another question will save this response Question 23 of 25) 11 e W T Force Completion Once started this test must be completed in one sitting. Do not leave the test before cacking Save and Submit Your answers are saved automacally Remaining Time: 23 minutes, 18 seconds Question Completion Status: Moving to another question will save this response Queston 23 of 25 > >> Question 23 4 points Saved As the winner of a contest, you are now CFO for the day for Maguire Inc. and your day's job involves raising capital for expansion. Maguire's common stock currently sells for $45.00 pet share, the company expects to earn $3 25 per share during the current year, its expected payout ratio is 70% and its expected constant growth rate is 6.00% New stock can be sold to the public at the current price, but a flotation cost of 5% would be incurred By how much would the cost of new stock exceed the cost of common from reinvested earnings? 0.09% O a OD 0.19% 0 56% 0.27% Moving to another question will save this response Question 23 of 25) 11 e W T