Essay
Gallagher Industries' common stock currently sells for $20.00 per share. The common dividend just paid was $1.20, and the dividend is expected to increase at a rate of 5% annually. Floating new common shares will cost Gallagher 5% of the market price of the stock. What is Gallagher's component cost of new common equity?
Correct Answer:
Verified
Correct Answer:
Verified
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