6. A company has paid a dividend of *3 per share for last 20 years and it...

Question:

6. A company has paid a dividend of *3 per share for last 20 years and it is expected to continue so in the future. The company's share had sold for 33 twenty years ago, and its market price is also *33. What is the cost of the share?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Management

ISBN: 9789325982291

11th Edition

Authors: I.M. Pandey

See More Books

Question Posted: Oct 22, 2024 11:00 AM

See More Questions

A billboard at the top of a building is being illuminated by a projection light (L) that is 103 feet from the base of the building as shown in the figure. Determine how tall the billboard if its...
1. The assets and liabilities of the pension plan itself are included in the financial statements of the plan: a) Administrator. b) Beneficiary. c) Sponsor. d) Trustee. 2. To compute amortization on...
Dewyco has preferred stock trading at $50 per share. The next preferred dividend of $4 is due in one year. What is Dewycos cost of capital for preferred stock?
6. A company has paid a dividend of *3 per share for last 20 years and it is expected to continue so in the future. The company's share had sold for 33 twenty years ago, and its market price is also...
Leyhs Outdoor Adventures, Inc., would like to begin providing life insurance coverage for its employees. Three employees are officers; each earns $100,000 per year. The other three employees each...
Q2. a) Explain about stock dividend. What are the reasons the companies issue stock dividend? And also write few examples of Oman companies which issue stock dividend, mention the amount also. b)...
5. A company has 5,000,000 ordinary shares. outstanding. The market price of the share is 96 while the book value is 65. The firm's earnings and dividends per share are *10 and 7 respectively. The...
7. A firm is thinking of raising funds by the issuance of equity capital. The current market price of the firm's share is 150. The firm is expected to pay a dividend of 3.55 next year. The firm has...
In a survey of 1010 U.S. adults, 556 said that they worry a great deal about hunger and homelessness.
Estimating Bad Debts Expense and Reporting Receivables At December 31, Barber Company had a balance of $378,000 in its accounts receivable and an unused balance of $2,340 in its allowance for...
Cooperative Advertising One of the wholesalers that furnishes you with a very well made and popular line of jeans has offered you a tremendous co-op advertising package. They will pay 50% of all...
Use the following data for questions 1 through 3. The following budget for the 60,000-unit product level was prepared for the Production Department for September: Variable costs: Direct materials...
47. || INT The two springs in Figure P24.47 each have a spring constant of 10 N/m. They are stretched by 1.0 cm when a current passes through the wire. How big is the current? Figure P24.47 20 cm...
Gerald Kiraly sold 8 Romond Corporation bonds with a coupon rate of 8.375% and a current market price of 95.25. The commission charge is $10 per bond. The date of the transaction is 72 days since the...
A certain telescope has an objective mirror with an aperture diameter of 200 mm and a focal length of 2 000 mm. It captures the image of a nebula on photographic film at its prime focus with an...
Below is a sample of the data in the file NFLAttendance which contains the 32 teams in the National Football League, their conference affiliation, their division, and their average home attendance....

6. A company has paid a dividend of *3 per share for last 20 years and it...

Question:

Step by Step Answer:

Financial Management

Students also viewed these Business questions