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The Mint’s Companys last dividend was P450 its growth rate is 6 percent and the stock now sells for P60 Flotation cost is P500 What is Mint Companys cost of new common stock A 867 percent

The Mint’s Company’s last dividend was P4.50; its growth rate is 6 percent and the stock now  sells for P60. Flotation cost is P5.00 What is Mint Company’s cost of new common stock?
A. 8.67 percent            C. 14.18 percent
B. 14.67 percent          D. 13.50 percent

Jun 20 2021 View more View Less

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