Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 11, 2024

a company common stock paid a dividend if $1.29 per share LAST year. The company expects earnings and dividends to grow at a rate of

a company common stock paid a dividend if $1.29 per share LAST year. The company expects earnings and dividends to grow at a rate of 15% per year for the foreseeable future. its today stock price is 30.

a. 19

b. 15

c. 19.4

Mistake i question, its 1.20$ per share

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 3

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

Mathematics Of Finance

Authors: Petr Zima, Robert L. Brown

5th Edition

0070871353, 978-0070871359

More Books

Students also viewed these Finance questions

Question

★★★★★

Using the following objectives, create a strategy map that places them at the proper perspective and links them together, for each objective , develop two possible measures. a) Manage new customers...

Answered: 1 week ago

Question

★★★★★

Critique the challenges in the use, and increasing role, of big data in creative organizations.

Answered: 1 week ago

Question

★★★★★

1. It seems problematic that the attribution measure is anchored on one scale, ranging from selfattribution to task-attribution. This strategy clouds whether the result might be mostly or solely in...

Answered: 1 week ago

Question

★★★★★

At the end of June, Morton Company had a balance of $49,900 in the vacation benefits payable account. During July, employees earned an additional $3,110 in vacation benefits, but some employees used...

Answered: 1 week ago

Question

★★★★★

Answered: 1 week ago

Question

★★★★★

Highlight the correct answors for the following questions. Each question carrios 1 mark. 1a) Products A, B \& C are produced from single raw material input. The raw material costs are $90,000 from...

Answered: 1 week ago

Question

★★★★★

What is the expected change in production volume, on average, as the number of factory workers decreases by five? Please enter the value of the expected change in production volume with ONE digit to...

Answered: 1 week ago

Question

★★★★★

The company has the following beginning balances in its stockholders\' equity accounts on January 1 , 2 0 2 4 : Common Stock, $ 1 0 0 , 0 0 0 ;Additional Paid - in Capital, $ 3 , 7 0 0 , 0 0 0 ; and...

Answered: 1 week ago

Question

★★★★★

business law "This is impossible! Just totally impossible! Ten months ago I was sitting on top of the world. Upper-level management considered me one of the best, if not the best, engineer in the...

Answered: 1 week ago

Question

★★★★★

BE12.4-Using Excel to Calculate Direct Materials Variances PROBLEM Sprague Company's uses a standard cost system and has provided the following information for its direct materials during Julv....

Answered: 1 week ago

Question

★★★★★

Flounder Company purchased a new machine on October 1, 2022, at a cost of $110,000. The company estimated that the machine will have a salvage value of $10,000. The machine is expected to be used for...

Answered: 1 week ago

Question

★★★★★

Discuss human resource management practices that support high-performance work systems. page 49

Answered: 1 week ago

Question

★★★★★

Discuss the implications of the economy, the makeup of the labor force, and ethics for company sustainability. page 16

Answered: 1 week ago

Question

★★★★★

Describe the different HRM issues and practices associated with various directional strategies. page 88

Answered: 1 week ago

Previous Question Next Question