Question
1Lucky Business has just paid a dividend of $9.41 per share yesterday. The firm's shareholders have a required rate of return of 21.72% per annum
1Lucky Business has just paid a dividend of $9.41 per share yesterday. The firm's shareholders have a required rate of return of 21.72% per annum and its dividends are forecast to grow at2.08% per year in perpetuity. Based on the given information, the share price of Lucky Business today should be $ ______ per share
2Accounts payable 25,000Cash 4, 000Bank overdrafts 1,500Accounts receivables 16, 000Long term loans 40,000Inventory 10, 000Total liabilities 66,500Property, Plant and Equipment 100, 000Shareholders EquityShare capital 35,000Retained earnings 28, 500Total Assets 130, 000Total Liabilities and SE 130, 000
You have the following information from the balance sheet of Company X as at 30 June 2018.
Calculate current ratio.
3If you believe that share prices reflect all relevant information, including publicly available information, which form of the efficient market hypothesis do you believe in?
a.Weak.
b.Semi-strong.
c.Strong.
d.Informational.
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