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betterway betterway
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7 years ago
When the constant-growth valuation model is used to find the cost of common stock equity capital, it can easily be adjusted for flotation costs to find the cost of new common stock; the capital asset pricing model (CAPM) does not provide a simple adjustment mechanism.
Textbook 
Principles of Managerial Finance

Principles of Managerial Finance


Edition: 14th
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UlainUlain
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7 years ago
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betterway Author
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7 years ago
Good timing, thanks!
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Just got PERFECT on my quiz
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2 hours ago
This site is awesome
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