FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help You buy a share at MMM Stock fer $21.40. You expect it to pay dividends of 51.01 You buy a share of MMM

image text in transcribed

please help

image text in transcribed
You buy a share at MMM Stock fer $21.40. You expect it to pay dividends of 51.01\

You buy a share of MMM Stock for s21.40. You expect it to pay dividends of 51.07, 51.1449 and 51.2250 in Years 1, 2, and 3 respectively, and you expect to sell it at a price of S26.22 at the end of 3 years. The dividend yield on this stock will be:

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Entrepreneurship

Entrepreneurship

Authors: Andrew Zacharakis, William D Bygrave

5th Edition

1119563097, 9781119563099

Students also viewed these Accounting questions

Question

★★★★★
MULTIPLE-CHOICE QUESTIONS 1. An auditor performing preliminary analytical procedures scans the repairs and maintenance accounts. Which of the following statements is consistent with what the auditor...

Answered: 1 week ago

Question

★★★★★
Fishing: Billfish Ocean fishing for billfish is very popular in the Cozumel region of Mexico. In World Record Game Fishes (published by the International Game Fish Association), it was stated that in...

Answered: 1 week ago

Question

★★★★★
understand the general outline and structure of the current book.

Answered: 1 week ago

Question

★★★★★
Gleason Co. uses the percentage-of-receivables basis to record bad debt expense. It estimates that 1% of accounts receivable will become uncollectible. Accounts receivable are $420,000 at the end of...

Answered: 1 week ago

Question

★★★★★
Tunic Corporation was organized on April 1. With an authorization of 25.000 shares of six percent. $50 par value preferred stock and 200.000 shares of $5 par value common stock. During April, the...

Answered: 1 week ago

Question

★★★★★
1. Calculate the price of a 1-year European put option on a non-dividend-paying stock with a strike price of $20 when the current stock price is $20, the risk-free interest rate is 5% per annum, and...

Answered: 1 week ago

Question

★★★★★
If a group of people was placed in a crowded room, one person per two square feet of area, given a math exam and most did poorly, this would not demonstrate that crowding causes poor math performance...

Answered: 1 week ago

Question

★★★★★
What does stickiest refer to in regard to social media

Answered: 1 week ago

Question

★★★★★
A scientific study on lift strength gives the following data table Lift strength Tons 46 47 51 55 56 Time to move load seconds 159 166 123 128 117 Using technology it was determined that the total...

Answered: 1 week ago

Question

★★★★★
Which of the following jobs has the greatest risk of death? a. Firefighter b. Compliance officer c. Event coordinator d. Taxi driver e. Airline pilot

Answered: 1 week ago

Question

★★★★★
Katsu perceives that Gloria only pays attention to the wealthiest customers who she expects to leave large tips. Katsu reminds Gloria that they are supposed to rotate based on when customers enter...

Answered: 1 week ago

Question

★★★★★
Which is a main cause for turnover at hWhich is a main cause for turnover at hospitality businesses? Group of answer choices a. Strong organizational culture b. Boredom c. Flexible schedules d. Low...

Answered: 1 week ago

Previous Question Next Question