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Business, 26.11.2019 02:31 greysonelmore1212

Sunny day manufacturing company has a current stock price of $33.35 per share, and is expected to pay a per-share dividend of $2.03 at the end of the year. the company’s earnings’ and dividends’ growth rate are expected to grow at the constant rate of 8.70% into the foreseeable future. if sunny day expects to incur flotation costs of 6.50% of the value of its newly-raised equity funds, then the flotation-adjusted (net) cost of its new common stock (rounded to two decimal places) should be .

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