Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Feb 02, 2021

Patrol Inc. just paid an annual dividend of $3.00 It has increased its dividends average 1.5% per year and is expected to continue doing so.

Patrol Inc. just paid an annual dividend of $3.00 It has increased its dividends average 1.5% per year and is expected to continue doing so. If investors require a return rate of 6% how much its stocks will sell for?

Step by Step Solution

★★★★★

3.41 Rating (151 Votes )

There are 3 Steps involved in it

Step: 1

Stock Price Today PO Stock P... 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

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

Statistics For Engineers And Scientists

Authors: William Navidi

4th Edition

73401331, 978-0073401331

More Books

Students also viewed these Finance questions

Question

★★★★★

The following is supposed to be the result of a best subsets regression involving five independent variables X 1 , . . . , X 5 . The two models of each size with the highest values of R 2 are listed....

Answered: 1 week ago

Question

★★★★★

the 8 is supposed to be a 8.5 2. Can an 8.5" by 12" piece of paper be folded in a manner shown below such that the trapezoidal region on the left has twice the area of the bold highlighted triangular...

Answered: 1 week ago

Question

★★★★★

A two-year bond with par value $1,000 making annual coupon payments of $93 is priced at $1,000. a. What is the yield to maturity of the bond? (Round your answer to 1 decimal place.) b.What will be...

Answered: 1 week ago

Question

★★★★★

A utilization greater than one suggests that the mean service time is higher than the mean inter-arrival time. True False QUESTION 3 It costs five times more money to retain a current customer than...

Answered: 1 week ago

Question

★★★★★

Here we examine the effects of domestic sales taxes on the market for exports, as an example of the "targeting principle." For example, in the domestic market, there are heavy taxes on the purchase...

Answered: 1 week ago

Question

★★★★★

What does the angle at which sunlight strikes Earth have to do with the temperate and polar regions?What does Earths tilt have to do with the change of seasons?

Answered: 1 week ago

Question

★★★★★

Give an example of a self-defeating attitude and the vicious cycle it creates.

Answered: 1 week ago

Question

★★★★★

Altidore Inc. operates a calendar-year-end business that suffers from dramatic seasonal variation in taxable income. For example, it often operates at a net loss for the first two quarters of the...

Answered: 1 week ago

Question

★★★★★

question 4.5.6 Question 4 (1 point) Which of the following attitudes and actions will help decision-makers develop an efficient approach to taxation? A) Cash flows should be considered from a...

Answered: 1 week ago

Question

★★★★★

A 4.0 L sample of O 2 gas has a pressure of 1.0 bar. A 2.0 L sample of N 2 gas has a pressure of 2.0 bar. If these two samples are mixed and then compressed in a 2.0 L vessel, what is the final...

Answered: 1 week ago

Question

★★★★★

Manufacturing overhead is overapplied for the year by $3,000. The unadjusted cost of goods sold is $360,000. Closing manufacturing overhead into cost of goods sold will result in which of the...

Answered: 1 week ago

Question

★★★★★

Crane Energy Company is erecting an oil platform off the coast of Texas. Crane is legally required to dismantle and remove the platform at the end of its 1 0 - year useful life. Crane estimates...

Answered: 1 week ago

Question

★★★★★

You noted: "If an executive leader can articulate a compelling vision that captures a broad spectrum of organizational members' hearts, then they will be able to better understand the subsequent...

Answered: 1 week ago

Question

★★★★★

The project is to create a stock trading system where users can buy and sell stocks. The system will support two types of users. One is the customer who will buy and sell stocks and second is the...

Answered: 1 week ago

Question

★★★★★

The TechAide Company produces and sells 7,000 modular computer desks per year at a selling price of $750 each. Its current production equipment, purchased for $1,050,000 and with a 5-year useful...

Answered: 1 week ago

Question

★★★★★

Eight out of 64 workstations in an office are going to be replaced. The cost of replacing all 64 workstations would be $10,200. Additionally, four workstations will receive a computer upgrade. The...

Answered: 1 week ago

Question

★★★★★

Introduction In this assignment you will design a database using everything that you have learned in this course. You will create an Entity Relationship Diagram ( ERD ) using Diagrams.net. See video...

Answered: 1 week ago

Question

★★★★★

Is the modified 5-question approach to ethical decision making superior to the modified moral standards or modified Past in approach?

Answered: 1 week ago

Question

★★★★★

The depth of wetting of a soil is the depth to which water content will increase owing to external factors. The article Discussion of Method for Evaluation of Depth of Wetting in Residential Areas...

Answered: 1 week ago

Question

★★★★★

The lifetime of a microprocessor is exponentially distributed with mean 3000 hours. a. What proportion of microprocessors will fail within 300 hours? b. What proportion of microprocessors will...

Answered: 1 week ago

Question

★★★★★

A piece of plywood is composed of five layers. The two outer layers are veneers with thickness 0.50 0.02 mm, and the three inner layers each have thickness 6.25 0.05 mm. Assume the thicknesses of...

Answered: 1 week ago

Question

★★★★★

The monthly absolute estimate of global (land and ocean combined) temperature indexes (degrees C) in 2000 and 2001 (www.ncdc.noaa.gov/oa/climate/) are: (a) Graph the data and fit a regression line to...

Answered: 1 week ago

Question

★★★★★

The World Health Organization defines obesity in adults as having a body mass index (BMI) higher than 30. Of the 250 men in the study mentioned in Exercise 11-1, 23 are by this definition obese. How...

Answered: 1 week ago

Question

★★★★★

An article in the IEEE Transactions on Instrumentation and Measurement [Direct, Fast, and Accurate Measurement of V T and K of MOS Transistor Using VT-Sift Circuit (1991, Vol. 40, pp. 951955)]...

Answered: 1 week ago

Previous Question Next Question