Question
MMM Corporation has the following data Outstanding shares of common stock 1000 thousand Target capital structure Debt 40% Equity 60% Projected net income [P(NI)] 5000
| MMM Corporation has the following data | ||
| Outstanding shares of common stock | 1000 | thousand |
| Target capital structure | ||
| Debt | 40% | |
| Equity | 60% | |
| Projected net income [P(NI)] | 5000 | thousands |
| The projected investments for next year | 6000 | thousands |
| Assume the residual distribution model is used with respect to dividends. | ||
| Find dividend per share?(DPS) |
| a- [$1, $3] |
| b- [$3, $4] |
| c- [$4, $5] |
| d- more than $5 |
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Financial Statement Fraud Prevention And Detection
Authors: Zabihollah Rezaee, Richard Riley
2nd Edition
0470543205, 9780470543207
