Business, 12.06.2020 01:57 jennsou

A firm wishes to issue new shares of its stock, which already trades in the market. The current stock price is $24, the most recent dividend was $3 per share, and the dividend is expected to grow at a rate of 4% forever. Flotation costs for this issue are expected to be 6%. What is the required rate of return (or financing cost) in this new issue?

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A firm wishes to issue new shares of its stock, which already trades in the market. The current stoc...

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