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QUESTION
LIMOZA Sdn Bhd is issuing new common stock at a market price of RM28. Dividends last year were RM1.30 and are expected to grow at an annual rate of...
LIMOZA Sdn Bhd is issuing new common stock at a market price of RM28. Dividends last year were RM1.30 and are expected to grow at an annual rate of 7% forever. Flotation costs will be 6% of market price. What is LIMOZA's cost of equity.
