The Wuhan Maze Co. will issue common stock to the public for $102.00. The first...
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The Wuhan Maze Co. will issue common stock to the public for $102.00. The first dividend, which is to be paid one year from the issue date, is expected to be $12.50 per share and grow at a rate of 2% per year. If the flotation cost is 4% of the gross proceeds, what is the cost of external equity, re?
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