In the spring of 2015 the brille corporation was involved, Financial Management

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In the spring of 2015 the brille corporation was involved

In the Spring of 2015 the Brille Corporation was involved in issuing new common stock at a market price of $35. Dividends last year were $1.50 and are expected to grow at an annual rate of 5% forever. Flotation costs will be 6% of market price. What is Brille's cost of equity for the new issue?

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Financial Management: In the spring of 2015 the brille corporation was involved

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