The Evanec Company's next expected dividend, D1, is $3.03; its growth rate is 5%; and its common stock now sells for $34.00. New stock (external equity) can be sold to net $28.90 per share.
a. What is Evanec's cost of retained earnings?
b. What is Evanec's percentage flotation cost?
c. What is Evanec's cost of new common stock?
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Home » Business » The Evanec Company's next expected dividend, D1, is $3.03; its growth rate is 5%; and its common stock now sells for $34.00. New stock (external equity) can be sold to net $28.90 per share. a. What is Evanec's cost of retained earnings? b.