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Business, 10.12.2019 22:31 tusharchandler124

Eakins inc.'s common stock currently sells for $45.00 per share, the company expects to earn $2.75 per share during the current year, its expected payout ratio is 70%, and its expected constant growth rate is 6.00%. new stock can be sold to the public at the current price, but a flotation cost of 8% would be incurred. by how much would the cost of new stock exceed the cost of common from retained earnings? 0.09% 0.19% 0.37% 0.56% 0.84%

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