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Business, 25.01.2021 21:00 BardiFan

Jumble will issue new common stock to finance an expansion. The existing common stock just paid a $1.50 dividend, and dividends are expected to grow at a constant rate 8% indefinitely. The stock sells for $45, and flotation expenses of $2.25 will be incurred on new shares. What is the cost of new common stock be for Jumble Corp.

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Jumble will issue new common stock to finance an expansion. The existing common stock just paid a $1...
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