Flotation costs associated with the sale of stock equal 327


A company has common stock that can be sold for $51.06 per share. The stock paid at the end of last year of $1.29. Dividends are expected to grow at an annual rate of 8% indefinitely. Flotation costs associated with the sale of stock equal $3.27 per share. What is the corporation's cost of external equity?

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Financial Management: Flotation costs associated with the sale of stock equal 327
Reference No:- TGS02831346

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