Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 14, 2024

A company has EBIT=$100 million and tax rate of 21%. The firms plow back ratio is 30%. The company has 20 million shares. How much

A company has EBIT=$100 million and tax rate of 21%. The firms plow back ratio is 30%. The company has 20 million shares. How much would be the firm's dividend per share?

A. 2.311

B. 2.765

C. 1.185

D. 3.500

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

Behavioral Finance And Capital Markets

Authors: A. Szyszka

5th Edition

1137338741, 9781137338747

More Books

Students also viewed these Finance questions

Question

★★★★★

Explain how prostaglandins are similar to hormones and how they are different.

Answered: 1 week ago

Question

★★★★★

Study the four accompanying diagrams. Consider the following statements and indicate which diagram matches each statement. Which variable would appear on the horizontal and which on the vertical...

Answered: 1 week ago

Question

★★★★★

We throw a die until a six appears for the first time: A: the experiment is completed after exactly 3 throws; B: the experiment is completed after at least 3 throws; C: the experiment is completed...

Answered: 1 week ago

Question

★★★★★

A puck of mass 80.0 g and radius 4.00 cm slides along an air table at a speed of 1.50 m/s as shown in Figure P11.34a, It makes a glancing collision with a second puck of radius 6.00 cm and mass 120 g...

Answered: 1 week ago

Question

★★★★★

En los niveles alto y bajo de actividad durante el mes, las horas de mano de obra directa son 90.000 y 40.000, respectivamente. Los costos relacionados son $165,000 y $100,000. Cules son los costos...

Answered: 1 week ago

Question

★★★★★

Mr. James, president of Daniel-James Financial Services, believes that there is a relationship between the number of client contacts and the dollar amount of sales. To document this assertion, he...

Answered: 1 week ago

Question

★★★★★

Hillary deposited $5,000 with a bank and borrowed $5,000 from the bank to make up the $10,000 minimum deposit required to buy a 6-month certificate of deposit. The certificate earned $575 at maturity...

Answered: 1 week ago

Question

★★★★★

The beginning balance in Swan, Inc.'s OAA is $6,700, and the following transactions occur. Depreciation recapture income $21,600 Payroll tax penalty (4,200) Tax exempt interest income 4,012...

Answered: 1 week ago

Question

★★★★★

Evan, Jennifer, and Nicole are studying probability for their MATH 108X exam. Evan explains that the probability of flipping a coin three times and getting heads all three times is 1/8. Jennifer...

Answered: 1 week ago

Question

★★★★★

EXPLAIN THE FOLLOWING RELATING TO ARTICLE 5 AND 6 OF PROFESSIONAL CODE OF ETHICS OF IMMIGRATION CONSULTANT IN THE ATTACHED CASE. EXPLAIN WHAT THE ARTICLE 5 AND 6 EXPECTS THE IMMIGRATION CONSULTANT TO...

Answered: 1 week ago

Question

★★★★★

Imagine it is currently the first day of 2019. The corporate tax rate is 40% and the WACC is estimated to be 13% pa. Suppose also that there is no surplus cash in any year and that Terminal Value...

Answered: 1 week ago

Question

★★★★★

How does HRM become more complex as a companys workforce reaches 25 employees?

Answered: 1 week ago

Question

★★★★★

Assume that each job candidate accepts the companys job offer. Calculate the number of job offers necessary to maintain the required staffing level of 100 employees on an annual basis.

Answered: 1 week ago

Question

★★★★★

Explain how the seven employability skills matter regardless of your career aspirations.

Answered: 1 week ago

Previous Question Next Question