Solved: Find the salte cost of equity, Finance Basics

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Find the salte cost of equity

Question:

Salte Corporation is issuing new common stock at a market price of $27.

Dividends last year were $1.45 and are expected to grow at an annual rate of 6 percent forever. Flotation costs will be 6 percent of market price. What is Salte's cost of equity?

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Finance Basics: Find the salte cost of equity

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Prepared by a verified Expert

Finance Basics: Find the salte cost of equity

Reference No:- TGS02077760

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