BA350 Financial Management: 9-13 Messman Manufacturing will issue common stock to the public

BA350 Financial Management

9-13 The Cost of Equity and Flotation Costs
Messman Manufacturing will issue common stock to the public for $30. The expected dividend and the growth in dividends are $3.00 per share and 5%, respectively. If the flotation cost is 10% of the issue’s gross proceeds, what is the cost of external equity, re?
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