Question
Don't provide only 1 explanation i need them all I have the answer in bold below but I need calculation details for them all. 24.
Don't provide only 1 explanation i need them all
I have the answer in bold below but I need calculation details for them all.
24. Jackson Corporation paid a dividend of $1.50 per share. It forecasted a $2.50 per share in earnings and had a stock price of $45. Determine the stock price if Cormex declared a 15% stock dividend. A. $33.88 B. $36.21 C. $39.13 D. $42.28
29. A company has a retention ratio of 40%, net income of $17 million, and 10 million shares outstanding. What would be the dividend per share for this company? A. 1.10 B. 1.02 C. .95 D. .82
34. If a machine costs $50,000, and $5,000 a year for the less or to maintain and insure, what equivalent annual cost would serve as the basis of a full-service lease payment for a six-year operating lease, paid in arrears, if the lessor's cost of capital is 8%? A. $15,816 B. $73,114 C. $17,155 D. $55,000
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