答案和详解如下！ Question 76 Marvin Corporation plans to raise $600 million in new equity capital to purchase an automated material handling system. Marvin’s most recent dividend was $1.25 per share and long-term dividend growth is expected to be 5%. The current price of Marvin’s common shares is $40 and flotation costs for the new equity are expected to be 6%. Which of the following should Marvin use as the component cost of new equity when deriving the discount rate for analysis of the planned project? [attach]4281[/attach]
This question tested from Session 11, Reading 45, LOS k | 
发表于 2008-5-12 13:12
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