Question: Question 11 12.5 points Save Answer Jliffy Co. expects to pay a dividend of $4.21 per share in one year The current price of Jiffy

Question 11 12.5 points Save Answer Jliffy Co. expects to pay

Question 11 12.5 points Save Answer Jliffy Co. expects to pay a dividend of $4.21 per share in one year The current price of Jiffy common stock is $30.04 per share. Flotation costs are $3 3 per share when Jify issues new stock What is the cost of internal common equity (retained earnings) if the long-term growth in dvidends is projected to be 5 percent indefinitely? Submit your answer as a percentage and round to two decimal places (Ex 0 009%)

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