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Question 76" X# G" ^/ K) o& a6 A1 j2 K
: c+ [1 b o' V, K! E" [; IMarvin Corporation plans to raise $600 million in new equity capital to purchase an automated material handling system. Marvin’s most recent dividend was $1.25 per share and long-term dividend growth is expected to be 5%. The current price of Marvin’s common shares is $40 and flotation costs for the new equity are expected to be 6%. Which of the following should Marvin use as the component cost of new equity when deriving the discount rate for analysis of the planned project?
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答案和详解如下:
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