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Business, 24.03.2020 17:37 kokilavani

Perfect Confectionery Co. expects to earn $3.20 per share during the current year, its expected dividend payout ratio (i. e., the proportion of earnings paid out as dividend) is 60%, its expected constant dividend growth rate is 5.0%, and its common stock currently sells for $30.00 per share. New stock can be sold to the public at the current price, but a flotation cost of 10% would be incurred. What would be the cost of equity from new common stock? 10.73% 11.29% 11.82% 12.11% 12.67%

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