FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

18. Earnings per share amount to P10 and the price earnings ratio is 5. If the dividend yield is 8%, a. Market price of the

image text in transcribed
18. Earnings per share amount to P10 and the price earnings ratio is 5. If the dividend yield is 8%, a. Market price of the stock must be P40 The amount of dividend cannot be determined. b. Market value of the stock cannot be determined d. The dividend is P4 per share

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Principles

Accounting Principles

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

10th Edition

1119491630, 978-1119491637, 978-0470534793

More Books

Students also viewed these Accounting questions

Question

What are you providing for your graduates in the way of personal development activity?

Answered: 1 week ago

Question

★★★★★
On January 1, 2017, Nicks Corporation issued $250 million of floating-rate debt. The debt carries a contractual interest rate of "LIBOR plus 5.5%," which is reset annually on January 1of each year....

Answered: 1 week ago

Question

★★★★★
II. Write a Code. 10pts Write a code using your desktop or mobile IDE with the following functions: 1. Displays the message "Input two numbers. 2. Accepts user input to get two numbers and store in...

Answered: 1 week ago

Question

★★★★★
The Baby Store had a beginning inventory on January 1 of 300 full-size strollers at a cost of 5180 per unit. During the year, the following purchases were made: Units Unit Cost Mar. 15 79 $181 July...

Answered: 1 week ago

Question

★★★★★
PR.06.02A.ALGO 6. Determine the maximum operating income possible with the expanded plant? ACC 202

Answered: 1 week ago

Question

★★★★★
While preparing a tax return for a gentleman named Tafoya, he surprised you when he told you that he is a "Paid Assassin" and that you should, accordingly, enter the phrase on the "Type of Business"...

Answered: 1 week ago

Question

★★★★★
1. Backspace String Compare Two strings are said to be the same if they are of the same length and have the same character at each index. Backspacing in a string removes the previous character in the...

Answered: 1 week ago

Question

★★★★★
What benefit does certification offer within the context of secure disposal and decommissioning of assets? A.It establishes policies and practices governing the storage and preservation of...

Answered: 1 week ago

Question

★★★★★
Cahya is an executive at a pharmaceutical company, and is leading the change effort for vaccine manufacturing. As she navigates this change with employees, what should she take into consideration?...

Answered: 1 week ago

Previous Question Next Question