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 longminusterm growth in dividends is projected to be 8 percent indefinitely

B13%, explained below:

Explanation:

Flotaion cost doesn't impact the cost of existing equity and it only impact the cost of new equity. The question asks about cost of existing equity, hence

Cost of equity ={ Expected dividend in one year/ Stock price} + growth rate = 3 /60% + 8%

Cost of existing equity (Retained earnings) = 13%

the first successful, urban blues recording, selling more than 75,000 copies, was made in year 1920.

mamie smith recorded the first commercially successful example of the urban blues,   with the recording of “crazy blues”."crazy blues" was recorded on august 10, 1920, in new york city. within a month of the release of “crazy blues” it had sold 75,000 copies.

answer; (c) communism and socialism;