Halo hot air balloons is expected to grow at 5 percent, Financial Management

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Halo hot air balloons is expected to grow at 5 percent

Halo Hot Air Balloons is expected to grow at 5 percent forever. Its common stock is currently selling for $28 per share, and the most recent dividend paid to common stockholders was $2.40 per share. If Halo’s cost of new common equity is 15 percent, what is the flotation cost charged by its investment banker?

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Financial Management: Halo hot air balloons is expected to grow at 5 percent

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