Question
complete solution please 5.The following are the data acquired from the financial statement of the firm: Cash on Hand 1,500,000 Outstanding Fund Liabilities.. 600,000 Assets
complete solution please
5.The following are the data acquired from the financial statement of the firm:
Cash on Hand 1,500,000 Outstanding Fund Liabilities.. 600,000
Assets Held by the Fund . 800,000 Shares Outstanding .. 500,000
If the current price of the stock in the market is at $4.25, how much would be the upside/downside?
6. In 2000, venus fly co. issued a $75 pa value preferred stock that pays a 7 percent annual dividend. Due to changes in the overall economy are now requiring 5 percent return. What price would you be willing to pay for the preferred if your first dividend one year from now?
7.
Tarej Company reported the following figures: Profit before tax: $500,000 Corporate tax rate: 30% Dividend to preferred shareholders: $20,000 Dividend to common shareholders: $25,000 Determine the dividend coverage ratio for common shareholders
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