Business, 22.04.2020 04:09 SumayahAminaAnsari

Firm X just paid $5/share dividend. We expect the dividend to grow annually at a constant rate 3%. The current stock price is $100. If firm X issues new equity, the new shares would sell at $98/share and the firm also needs to pay investment banks $3/share flotation cost. What is the cost of retained earnings? g

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Firm X just paid $5/share dividend. We expect the dividend to grow annually at a constant rate 3%. T...

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