1- Expected cash dividends are $4.00, the dividend yield is 6%, flotation...
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Finance
1-
Expected cash dividends are $4.00, the dividend yield is 6%, flotation costs are 7% of price, and the growth rate is 3%. Compute the approximate cost of new common stock. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
9.20%
10.45%
9.45%
11.55%
2-
Pedro Gonzalez will invest $22,000 at the beginning of each year for the next 8 years. The interest rate is 11 percent. What is the future value? Use Appendix C to calculate the answer.
$260,898.
$289,608.
$311,608.
$280,644.
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