Business, 06.11.2019 01:31 jasmine3051

Jiffy co. expects to pay a dividend of $3.00 per share in one year. the current price of jiffy common stock is $60 per share. flotation costs are $3.00 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 8 percent indefinitely? select one:
a. 14 percent
b. 13 percent
c. 15 percent
d. 16 percent

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Jiffy co. expects to pay a dividend of $3.00 per share in one year. the current price of jiffy commo...

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