A company intends to issue new common stock wiht flotation costs of 3.2% per share.the expected dividend next year is 0.32, growth rate is 10%, assuming the shares are issued at a price of 14.69,the cost of external equity for the firm is:
a.12.18, b.12.25, c.12.48
为什么选b呢？notes上不是说把发行成本从股价里减掉是错误的做法吗？谢谢。 |
发表于 2013-8-21 17:39
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