Question
Here are key financial data for House of Herring, Inc.: Earnings per share for 2018 $5.70 Number of shares outstanding 40.40 million Target payout ratio
| Here are key financial data for House of Herring, Inc.: |
| Earnings per share for 2018 | $5.70 | |
| Number of shares outstanding | 40.40 | million |
| Target payout ratio | 40 | % |
| Planned dividend per share | $2.28 | |
| Stock price, year-end 2018 | $ 150 | |
| House of Herring plans to pay the entire dividend early in January 2019. All corporate and personal taxes were repealed in 2017. |
| a. | Other things equal, what will be House of Herring |
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Handbook Of The Economics Of Finance
Authors: George M. Constantinides, Milton Harris, Rene M. Stulz
1st Edition
044459406X, 978-0444594068
