Question: Problem 10 + Next proble Intro Tesla is expected to pay an annual dividend of $2.38 one year from now. Dividends are expected to grow

 Problem 10 + Next proble Intro Tesla is expected to pay

Problem 10 + Next proble Intro Tesla is expected to pay an annual dividend of $2.38 one year from now. Dividends are expected to grow by 2.7% every year and the current stock price is $185.9. Tesla is in the process of issuing new common stock, with flotation costs of 7% of the issue price. 1 Attempt 1/10 for 10 pts. Part 1 What is the cost of new common stock? 4+ decimals Submit

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