Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Assume that a company has annual earnings of $1,250,000, has 13,000,000 shares outstanding, has a stock price of $5.20 per share, and pays a dividend

Assume that a company has annual earnings of $1,250,000, has 13,000,000 shares outstanding, has a stock price of $5.20 per share, and pays a dividend of $.75 per share. What is the market cap, what is the dividend yield, what is the P/E ratio and what is the earnings per share for this company?

  1. $67.6 Billion, 4%, 13, $2.30
  2. $67.6 MM, 14.42%, 54, $0.10
  3. $67.6 MM, 7.33%, 12, $1.22

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

Financial Markets And Institutions

Authors: Jeff Madura

10th Edition

1285531507, 9781285531502

More Books

Students also viewed these Finance questions

Question

6 Explain the expectancy theory of motivation.

Answered: 1 week ago