Last year the Black Water Inc. paid dividends $2.83. Company's dividends are expected to grow at an

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Last year the Black Water Inc. paid dividends $2.83. Company's dividends are expected to grow at an annual rate of 6% forever. The company's common stock is currently selling on the market for $79.30. The investments banker will charge flotation costs $3.04 per share. Calculate the cost of common equity financing using Gordon Model.

Round the answers to two decimal places in percentage form.

Posted Date: May 17, 2024 08:02 PM

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Last year the Black Water Inc. paid dividends $2.83. Company's dividends are expected to grow at an

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