Question
Please help me with these questions... JEN Corp. is expected to pay a dividend of $6.50 per year indefinitely. If the appropriate rate of return
Please help me with these questions...
JEN Corp. is expected to pay a dividend of $6.50 per year indefinitely. If the appropriate rate of return on this stock is 10 percent per year, and the stock consistently goes ex-dividend 10 days before dividend payment date, what will be the expected maximum price in light of the dividend payment logistics?
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Suppose a firm has a retention ratio of 45 percent, net income of $30.8 million, and 5.8 million shares outstanding. What would be the dividend per share paid out on the firm's stock?
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Calculating Costs of Issuing StockTriState Corp. recently went public with an initial public offering in which they received a total of $51.50 million in new capital funding. The underwriter used a firm commitment offering in which the offer price was $33.75 and the underwriter's spread was $3.00. TriState also paid legal and other administrative costs of $1,100,000 for the IPO. What is the number of shares issued through this IPO?
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Calculating Costs of Issuing StockTurbo Technology Corp. recently went public with an initial public offering of 3.02 million shares of stock. The underwriter used a firm commitment offering in which the net proceeds was $7.60 per share and the underwriter's spread was 5 percent of the gross proceeds. Turbo also paid legal and other administrative costs of $220,000 for the IPO. What is the gross proceeds per sharereceived by Turbo from the sale of the 3.02 million shares of stock.
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Calculating Fees on a Loan CommitmentYou have approached your local bank for a start-up loan commitment for $2,600,000 needed to open an auto repair store. You have requested that the term of the loan be one-year. Your bank has offered you the following terms: size of loan commitment = $2,600,000, term = 1 year, up-front fee = 30 basis points, back-end fee = 50 basis points. If you take down 90 percent of the total loan commitment, calculate the total fees you have paid on this loan commitment.
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