jiffy co expect to pay a dividend of $3.50 per share in one year. the current price of jiffy common stock is $56 per share. flotation costs are $4.00 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 8.5 percent indefinitely?
Cost of internal common equity = Expected Dividend/Current... View the full answer