The firm’s cost of a new issue of common stock is (See Table 11.1.)
A. 7 percent.
B. 9.08 percent.
C. 13.2 percent.
D. 14.4 percent.
Answer:C
The firm’s cost of a new issue of common stock is (See Table 11.1.)
A. 7 percent. B. 9.08 percent. C. 13.2 percent. D. 14.4 percent.