1 mm will issue common stock to the public for 28 the, Ask an Expert

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1. MM will issue common stock to the public for $ 28. The expected dividend and the growth on dividends are $ 2.50 per share and 5% respectively. If the flotation cost is 9% of the issue’s gross proceeds, what is the cost of external equity ?

2. Assume the exchange rate between US dollar and Indian Rupee is 60 Rupees = $1, and the exchange rate between dollar and British pound is 1 Pound = $1.5. What is the exchange rate between the Rupee and pound?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M93043947

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