In: Finance
What is the cost of new equity for Jericho Horse Barn, Inc.? Assume that the stock has the following dividends, the stock sells for $110 with flotation costs of $5 per share, and Jericho Horse Barn expects to pay a dividend of $4.26 next year (rounded). YEARS DIVIDENDS 2019 $4.02 2018 $3.88 2017 $3.49 2016 $3.11 2015 $2.92