question archive Expected cash dividends are $2
Expected cash dividends are $2
Subject:FinancePrice:2.87 Bought7
Expected cash dividends are $2.00, the dividend yield is 7%, flotation costs are 7% of price, and the growth rate is 3%. Compute the approximate cost of new common stock. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Multiple Choice
10.28%
10.53%
12.63%
11.53%
