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April 28, 2015

Homework Help: Finance

Posted by Anonymous on Sunday, May 6, 2012 at 10:21pm.

Jones Distributing Corp. can sell common stock for $27 per share and its investors require a 17% return. However, the administrative or flotation costs associated with selling the stock amount to $2.70 per share. What is the cost of capital for Jones Distributing if the corporation raises money by selling common stock?

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