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Author Question: The Dow Jones Industrial Average is a widely-watched price index of 30 stocks. Indicate whether ... (Read 79 times)

cartlidgeashley

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The Dow Jones Industrial Average is a widely-watched price index of 30 stocks.
 
  Indicate whether the statement is true or false

Question 2

Grandview Inc will issue new common stock to finance an expansion. The existing common stock
  just paid a 1.50 dividend, and dividends are expected to grow at a constant rate 8 indefinitely.
 
  The stock sells for 45, and flotation expenses of 5 of the selling price will be incurred on new
  shares. What is the cost of retained earnings for Grandview?
  A) 12.53 B) 11.79 C) 11.33 D) 11.60 E) 11.51


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kalskdjl1212

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cartlidgeashley

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Reply 2 on: Jul 10, 2018
Great answer, keep it coming :)


laurnthompson

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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