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Business, 03.08.2019 03:30 nmillsap11
Sunny day manufacturing company has a current stock price of $22.35 per share, and is expected to pay a per-share dividend of $1.36 at the end of the year. the company’s earnings’ and dividends’ growth rate are expected to grow at the constant rate of 5.20% into the foreseeable future. if sunny day expects to incur flotation costs of 6.50% of the value of its newly-raised equity funds, then the flotation-adjusted (net) cost of its new common stock (rounded to two decimal places) should be .
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Sunny day manufacturing company has a current stock price of $22.35 per share, and is expected to pa...
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