The jackson company has just paid a dividend of $3.00 per share on its common stock, and it expects this dividend to grow by 10% per year, indefinitely. the firm has a beta of 2.00; the risk-free rate is 6%; and the market risk premium is 5%. the firm's investment bankers believe that new issues of common stock would have a flotation cost equal to 5% of the current market price. what will be jackson's cost of new common stock if it issues new stock in the marketplace today

Arguments made against free trade include all of the following exceptdumping is an unfair trade practice that puts domestic producers of substitute goods at a disadvantage that they should be protected against. national defense considerations justify producing certain goods domestically whether the country has a comparative advantage in their production or not. free trade is inflationary and should be restricted in the domestic interest. if foreign governments subsidize their exports, foreign firms that export are given an unfair advantage that domestic producers should be protected against. infant industries should be protected from free trade so that they may have time to develop and compete on an even basis with older, more established foreign industries.