Sun Instruments expects to issue new stock at $34

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Sun Instruments expects to issue new stock at $34 a share with estimated flotation costs of 7 percent of the market price.  The company currently pays a $2.10 cash dividend and has a 6 percent growth rate.  What are the costs of retained earnings and new common stock?

    • 8 years ago
    Sun Instruments expects to issue new stock at $34
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