Finance Assignment | Top Essay Writing

2.

Banyan Co.’s common stock currently sells for $51.25 per share. The growth rate is a constant 6%, and the company has an expected dividend yield of 2%. The expected long-run dividend payout ratio is 20%, and the expected return on equity (ROE) is 7.5%.

Connect with a professional writer in 5 simple steps

Please provide as many details about your writing struggle as possible

Academic level of your paper

Type of Paper

When is it due?

How many pages is this assigment?

how to prepare balance sheet from trial balance

New stock can be sold to the public at the current price, but a flotation cost of 10% would be incurred. What would be the cost of new equity? Do not round intermediate calculations. Round your answer to two decimal places. Get Finance homework help today