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Grandview Inc. will issue new common stock to finance an expansion. The existing common stock just ...

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Grandview Inc. will issue new common stock to finance an expansion. The existing common stock just ...

Grandview Inc. will issue new common stock to finance an expansion. The existing common stock just paid a $1.50 dividend, and dividends are expected to grow at a constant rate 8% indefinitely. The stock sells for $45, and flotation expenses of 5% of the selling price will be incurred on new shares. What is the cost of retained earnings for Grandview?
A) 11.33%
B) 11.51%
C) 11.60%
D) 11.79%
E) 12.53%

Textbook

Foundations of Finance

Edition: 9^th

Authors: Keown, Petty, Martin

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borteleto Author

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5 years ago

Genius!!!!!!

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