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Jiffy Co. expects to pay a dividend of $3.25 per share in one year. The current price of Jiffy common stock is $54.50 per share.
Jiffy Co. expects to pay a dividend of $3.25 per share in one year. The current price of Jiffy common stock is $54.50 per share. Flotation costs are $8.00 per share when Jiffy issues new stock. What is the cost of internal common equity if the long-term growth in dividends is projected to be 4.75 percent indefinitely
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