What does the market price of the stock need

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Reference no: EM13263508

Tennessee Valley Antiques would like to issue new equity shares if its cost of equity declines to 10.5 percent. The company pays a constant annual dividend of $1.80 per share. What does the market price of the stock need to be for the firm to issue the new shares?

a. $14.48
b. $14.83
c. $17.14
d. $17.92
e. $18.80

Reference no: EM13263508

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