FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Between November 2015 and August 2016, Microsoft paid an annualised dividend of $1.44 per share. If dividends kept growing at a rate of 12% and

Between November 2015 and August 2016, Microsoft paid an annualised dividend of $1.44 per share. If dividends kept growing at a rate of 12% and the rate of return of Microsofts equity were assumed to be 14.54%, what would be the price of a single share?

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_2

Step: 3

blur-text-image_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

Public Finance Administration

Public Finance Administration

Authors: B. J. Reed, John W. Swain

2nd Edition

0803974051, 978-0803974050

More Books

Students also viewed these Finance questions

Question

★★★★★
Your employer, a commercial marketing research firm, has contracted to perform a study whose objective is the investigation of usage patterns and brand preferences for premixed infant formula among...

Answered: 1 week ago

Question

★★★★★
=+b. Assuming the equipment was sold at the end of the sixth year for $90,000, determine the gain or loss on the sale of the equipment.

Answered: 1 week ago

Question

★★★★★
=+ (c) If goes to infinity too rapidly, then A ,, is negligible (Theorem 1.6). But however rapidly o goes to infinity, A ,, is nonempty, even uncountable. Hint: Consider x = 24= 11/ 2(*) for...

Answered: 1 week ago

Question

★★★★★
The following jobs are waiting to be processed at Julie Morels machine center: In what sequence would the jobs be ranted according to the following rules: (a) FCFS, (b) EDD, (c) SPT (d) LPT? All...

Answered: 1 week ago

Question

★★★★★
Cameron Parts has the following data from year 1 operations, which are to be used for developing year 2 budget estimates: Sales revenues (12,500 units) $ 1,119,000 Manufacturing costs Materials $...

Answered: 1 week ago

Question

★★★★★
When customer X calls an organization s customer service center, the service representative has access to a complete history of X s previous calls, as a list of the services X has purchased, and...

Answered: 1 week ago

Question

★★★★★
The projectile of the .22LR cartridge fits a barrel with a nominal _________________-inch diameter bore, while the .223/5.56 is designed for a bore with the nominal diameter of .224

Answered: 1 week ago

Question

★★★★★
Greenfield Valley is a fertile agricultural region known for its high-quality crop production. However, the area has been facing significant soil erosion issues due to a combination of factors,...

Answered: 1 week ago

Question

★★★★★
Even though your authority is limited and there is little you can do right now to alter the physical environment, what can you do to improve safety?

Answered: 1 week ago

Question

★★★★★
Julio is a teller at the bank. He will be given the opportunity to work with new customers at the business development desk every Friday. Which job enrichment approach is Julio involved in? Job...

Answered: 1 week ago

Question

★★★★★
coefficients A variable n(t) is described by a first-order linear differential equation with constant dn(t) T +n(t) = n dt where 7 and no are constants. Let n(0) = no. a) Fort > 0, determine an...

Answered: 1 week ago

Question

★★★★★
Spotlight Rsums is a complete rsum-writing service that assists in preparing rsums, applications to graduate schools, and cover letters. Scott Regis, the owner of Spotlight Rsums, has hired you to...

Answered: 1 week ago

Question

★★★★★
Write a letter asking them to refund your $1,500 down payment.

Answered: 1 week ago

Question

★★★★★
Technology. You are currently employed by the City of Silver Springs in the accounting department. One of your colleagues, Paul Armstrong, was recently diagnosed with a brain tumor and underwent...

Answered: 1 week ago

Previous Question Next Question