Cost of Capital- Falcon Technologies is issuing new common stock. Using information below, what is...
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Finance
Cost of Capital-
Falcon Technologies is issuing new common stock. Using information below, what is Falcons cost of equity?
- Market price of $28.
- Dividends last year were $1.30 and are expected to grow at an annual rate of 7% forever.
- Flotation costs will be 6% of market price.
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