Static field properties of magnetoelectric hexaferrites have been explored extensively in the past five years. In this paper, dynamic properties of magnetoelectric hexaferrites are being explored. In particular, effects of the linear magnetoelectric coupling $(\ensuremath{\alpha})$ on ferrimagnetic resonance (FMR) and magnetoelastic excitations are being investigated. A magnetoelastic free energy which includes Landau-Lifshitz mathematical description of a spin spiral configuration is proposed to calculate FMR and magnetoelastic excitations in magnetoelectric hexaferrites. It is predicted that the ordinary uniform precession FMR mode contains resonance frequency shifts that are proportional to magnetoelectric static and dynamic fields. The calculated FMR fields are in agreement with experiments. Furthermore, it is predicted at low frequencies (approximately megahertz ranges), near zero magnetic field FMR frequencies, there is an extra uniform precession FMR mode besides the ordinary FMR mode which can only be accounted by dynamic magnetoelectric fields. Whereas the FMR frequency shifts in the ordinary FMR mode due to the $\ensuremath{\alpha}$ coupling scale as $\ensuremath{\alpha}$, the shifts in the new discovered FMR mode scale as ${\ensuremath{\alpha}}^{2}$. Also, magnetoelastic dispersions were calculated, and it is predicted that the effect of the $\ensuremath{\alpha}$ coupling are the following: (1) The strength of admixture of modes and splitting in energy between spin waves and transverse acoustic waves is proportional to $\ensuremath{\alpha}$. (2) The degeneracy of the two transverse acoustic wave modes is lifted even for relatively low values of $\ensuremath{\alpha}$. Interestingly, at low frequencies near zero field FMR frequencies, the surface spin wave mode branch flip-flops with the volume spin wave branch whereby one branch assumes real values of the propagation constant and the other purely imaginary upon the application of a static electric field.
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