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Zegha Technologies Company's common stock currently sells for $46 per share.
The company's most recent dividends was $4, and it expects a dividend of $4.28 to be paid at the end of the current year. The firm also expects to incur a flotation cost of $5 to sell each share of common stock issue.
Required:
Question 1: Calculate the cost of new common stock issue and retained earnings.
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Pfister Corporation has Current Assets of $200,000, Current Liabilities of $150,000, Total Liabilities of $340,000 and Owners' Equity of $300,000. Compute Total Assets. Pfister Corporation has Long-term Assets of $485,000, Current Liabilities of $150..
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