urgent

Jiffy Co. expects to pay a dividend of $1.83 per share in one year. The current price of Jiffy common stock is $30.04 per share. Flotation costs are $2.36 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 4 percent indefinitely? Submit your answer as a percentage and round to two decimal places (Ex. 0.00%)

Question 11 of 20 S