Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 01, 2024

No-Growth Industries pays out all of its earnings as dividends. It will pay its next $3 per share dividend in a year. The discount rate

No-Growth Industries pays out all of its earnings as dividends. It will pay its next $3 per share dividend in a year. The discount rate is 16%

.a. What is the price-earnings ratio of the company? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

b. What would the P/E ratio be if the discount rate were 10%? (Round your answer to 2 decimal places.)

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

Recommended Textbook for

The Essentials Of Machine Learning In Finance And Accounting

Authors: Mohammad Zoynul Abedin, M. Kabir Hassan, Petr Hajek, Mohammed Mohi Uddin

1st Edition

0367480816, 978-0367480813

More Books

Students also viewed these Finance questions

Question

★★★★★

A simple pendulum of length b and bob with mass m is attached to a mass less support moving horizontally with constant acceleration a. Determine (a) The equations of motion and (b) The period for...

Answered: 1 week ago

Question

★★★★★

=+23.5. Merging Poisson streams. Define a process (N,) by (23.5) for a sequence {X} of random variables satisfying (23.4). Let {X") be a second sequence of random variables, on the same probability...

Answered: 1 week ago

Question

★★★★★

A school district grants teachers a sabbatical leave every seven years. Yet, consistent with GAAP, it fails to accrue a liability for such leave over the period in which the leave is earnednot even...

Answered: 1 week ago

Question

★★★★★

4. Consider the numbers a=123.45 and b=0.06543 on a 4-digit decimal machine that rounds. Do BY HAND: a. Write down their normalized floating point representations fl(a),fl(b) on this machine. b. Find...

Answered: 1 week ago

Question

★★★★★

Which of the following Control Panel applets will display the amount of RAM in your PC ? A . SystemB. Devices and PrintersC. Device ManagerD. Action Center

Answered: 1 week ago

Question

★★★★★

For Exercises 27-32, refer to functions s, t, and v. Find the indicated function and write the domain in interval notation. (See Example 3) s(x) 27. (s. 1)(x) 31. (sv)(x) = x-2 x-9 x-3 t(x) = bail...

Answered: 1 week ago

Question

★★★★★

Demonstrate how the host from computer A identifying the destination of computer G before A can start sending file to the computer. == SWITCH ROUTER SWITCH A B C G H

Answered: 1 week ago

Question

★★★★★

Below picture shows a cross section of a pipe, with 90 mm inside diameter (ID), if the pipe outer diameter (OD) is 100 mm. what is the (4) ?pipe cross-sectional area OD 100 mm Pipe cross sectional...

Answered: 1 week ago

Question

★★★★★

You are the Cost Accountant of an industrial concern and have been given the following budgeted information regarding the four cost centers within your organization. Department Department Department...

Answered: 1 week ago

Question

★★★★★

In the 1930s, Dr. Joseph Rhine tested 500 participants to guess the order in a shuffled deck of cards. Only those participants who guessed correctly moved to the next round. The last participant to...

Answered: 1 week ago

Question

★★★★★

b. Where did they come from?

Answered: 1 week ago

Question

★★★★★

c. What were the reasons for their move? Did they come voluntarily?

Answered: 1 week ago

Question

★★★★★

5. How do economic situations affect intergroup relations?

Answered: 1 week ago

Previous Question Next Question