What is the cost of hiro inc new commonstock

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Problem 1: Hiro Corp. common stock is selling for $32 per share. The last dividend was $3.60 and dividends are expected to grow at an 8% annual rate. Flotation costs on new stock sales are 12% of the selling price. What is the cost of Hiro Inc.'s new commonstock?

Reference no: EM132761432

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