Wooten co has a current stock price of 3335 and is expected


Wooten Co. has a current stock price of $33.35 and is expected to pay a dividend of $2.03 at the end of next year. the company's growth rate is expected to remain constant at 9.4%. If floatation cost represent 5.% of funds raised, what is the floation-adjusted cost of new common stock?

a. 12.6%
b. 15.5%
c. 13.4%
d. 15.8%

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Business Management: Wooten co has a current stock price of 3335 and is expected
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