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The firm's common stock is currently selling for $120 per share. The dividend expected to...

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Finance

The firm's common stock is currently selling for $120 per share. The dividend expected to be paid at the end of the year is $5.00. Its dividend has grown constantly at 10% for the last few years and it is expected that, to sell more stock, the firm must also pay $5 per share in flotation costs. calculate cost of new equity
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The firm's common stock is currently selling for $120 per share. The dividend expected to be paid at the end of the year is $5.00. Its dividend has grown constantly at 10% for the last few years and it is expected that, to sell more stock, the firm must also pay $5 per share in flotation costs

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