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Author Question: Haroldson Inc common stock is selling for 22 per share. The last dividend was 1.20, and dividends ... (Read 52 times)

stevenposner

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on: Jul 10, 2018
Haroldson Inc common stock is selling for 22 per share. The last dividend was 1.20, and
  dividends are expected to grow at a 6 annual rate. Flotation costs on new stock sales are 5 of the
  selling price.
 
  What is the cost of Haroldson's retained earnings?
  A) 5.73 B) 12.09 C) 11.78 D) 11.45

Question 2

If an old asset is sold for less than its book value, the resulting loss will save the company taxes,
  hence lowering the cost of the project.
 
  Indicate whether the statement is true or false
Foundations of Finance ¦ Keown, Petty, Martin ¦ 9th Edition
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b614102004

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Reply #1 on: Jul 10, 2018
Answer to Question 1

C

Answer to Question 2

TRUE


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