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jiffy expects a dividend of $2.55 in one year. The current price of Jiffy common stock is $38.68 per share. Flotation cost are $2.85 per

jiffy expects a dividend of $2.55 in one year. The current price of Jiffy common stock is $38.68 per share. Flotation cost are $2.85 per share when Jiffy issues new stock, what is cost of internal common equity. (Retained Earnings) If the long term growth of dividends is projected to be 4% indefinitely.

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