Ballack co.s common stock currently sells for 48.50 per, Ask an Expert

Management Studies

Ballack Co.'s common stock currently sells for $48.50 per share. The growth rate is a constant 10%, and the company has an expected dividend yield of 3%. The expected long-run dividend payout ratio is 30%, and the expected return on equity (ROE) is 12%. New stock can be sold to the public at the current price, but a flotation cost of 5% would be incurred. What would the cost of new equity be?

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M9110148

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