Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 05, 2024

(FN C.1) Pastoral indusuries inc. paid common srock dividends of $1.50 per shure today and the dividends are expected to grow at a corstant rate

(FN C.1) Pastoral indusuries inc. paid common srock dividends of $1.50 per shure today and the dividends are expected to grow at a corstant rate of 8\% per yeaw for the foreseeable future. If the itivestors required rate of retiarn is 12.5%, what is the value of this stock per share? $28.50$3050.$3175$3350$36.00

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

Students also viewed these Finance questions

Question

What do you like to do in your spare time?

Answered: 1 week ago

Question

★★★★★

Direct labor variances In addition to the information for Acme Company in Mini-Exercises 15.1 and 15.2, the standard direct labor cost per unit consists of 0.5 hour of labor time at $20 per hour....

Answered: 1 week ago

Question

★★★★★

What is the present value of $ 3 0 0 that will be paid at the end of the 5 th year, assuming that the interest rate is 1 0 % , compounded semi - annually? Select an answer and submit. For keyboard...

Answered: 1 week ago

Question

★★★★★

3. Las ventas diarias medias en un restaurante de comida rapida, son de $20 000 para una muestra de 40 dias. La desviacion estandar de la muestra es de $3 000. a) Cuales son las ventas diarias medias...

Answered: 1 week ago

Question

★★★★★

Question 2 (20 marks) A vertical sag curve 220 m long connects a falling gradient of 5 in 100 and a rising gradient of 3 in 100. The RL and chainage of the gradient intersection point (I) is 90m and...

Answered: 1 week ago

Question

★★★★★

(b) A stock price is currently $100. Over each of the next two six-month periods it is expected to go up by 10% or down by 10%. The risk-free interest rate is 8% per annum with annual compounding...

Answered: 1 week ago

Question

★★★★★

Fill in the amounts for the Norfolk Southern statement of changes in retained earnings. Note: Use negative signs with your answers, when appropriate. Norfolk Southern Inc. Consolidated Statements of...

Answered: 1 week ago

Question

★★★★★

In a sample of 3,200 registered voters, 1,440, or 45%, approve of the way the president is doing his job. A political pollster states, "Forty five percent of all voters approve of the president."...

Answered: 1 week ago

Question

★★★★★

Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 30,000 direct labor-hours would be...

Answered: 1 week ago

Previous Question Next Question