Question: Your Answer: estions tions saved Answer Save Question 9 (1 point) 6 Harris & Handel's common stock currently trades at $33.00 a share. It is

Your Answer: estions tions saved Answer Save Question 9 (1 point)

Your Answer: estions tions saved Answer Save Question 9 (1 point) 6 Harris & Handel's common stock currently trades at $33.00 a share. It is expected to pay an annual dividend of $2.00 a share at the end of the year, and the constant growth rate is 6% a year. If the company issued new stock, it would incur an 8% flotation cost. 9 What is the cost of equity on the new issue? 10.59% 11.59% ponse 12.59% Response 13.59% Save Started

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