Question: Question 6 10 points Save Answer Jiffy Co. expects to pay a dividend of $0.78 per share in one year. The current price of Jiffy

Question 6 10 points Save Answer Jiffy Co. expects to pay a dividend of $0.78 per share in one year. The current price

Question 6 10 points Save Answer Jiffy Co. expects to pay a dividend of $0.78 per share in one year. The current price of Jiffy common stock is $44.66 per share. Flotation costs are 53.34 per share when Jiffy issues new stock. What is the cost of internal common equity. (retained earnings) if the long-term growth in dividends is projected to be 9 percent indefinitely Submit your answer as a percentage and round to two decimal places (Ex. 0.00%) L. A Moving to another question will save this response.

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