FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

Please show explanations for upvote Question 5 (1 point) A firm has 2,000,000 number of shares outstanding with price per share of $115. If the

Please show explanations for upvoteimage text in transcribed

Question 5 (1 point) A firm has 2,000,000 number of shares outstanding with price per share of $115. If the firm wants to issue new shares in order to finance dividend of 4% based on the current price of the stock, how many number of shares need to be issued? 80,000 O 75,000 83,333 78,850 82,350 Next Page Page 5 of 5

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image
Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_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 True Value Of Bitcoin Revealed
The True Value Of Bitcoin Revealed

Authors: Satoshi Nakaloco

1st Edition

More Books

Students explore these related Finance questions

Question

For the circuit of Figure, assume that = 10.0 V R = 6.70 and L = 5.50 H. The ideal battery is connected at time t = 0. (a) How much energy is delivered by the battery during the first 2.00 s? (b)...

Answered: 3 weeks ago

Question

two guys opened an ice cream shop in Eugene. It was a big success, so they decide to open a ice cream shops in many cities including Portland. They hire Dante to manage the shop in Portland. Jen and...

Answered: 3 weeks ago

Question

Understand the major issues involved in choosing strategies for small firms and the role of international management in entrepreneurship.

Answered: 3 weeks ago

Question

During the month of June, Rowling Boutique had cash sales of $233,200 and credit sales of $153,700, both of which include the 6% sales tax that must be remitted to the state by July 15. Instructions...

Answered: 3 weeks ago

Question

Ratio Market Capitalization = EBITDA = Total Debt = Price Earnings = Market to Book = Enterprise / EBITDA = Operating Margin = Gross Profit Margin = Net Profit Margin = Book Return on Equity = Market...

Answered: 3 weeks ago

Question

Question Help (Related to Checkpoint 9.2 and Checkpoint 9.3) (Bond valuation relationships) The 13-year $1.000 par value bonds of Waco Industries pay 11 percent interest annually. The market price of...

Answered: 3 weeks ago

Question

Assume that unusually mild weather has caused a change in the quantity and timing of orders for golf carts. The revised plan calls for 100 golf carts at the start of week 6, 100 at the start of week...

Answered: 3 weeks ago

Question

20 pts. Find x(t) x" (t)+x(t)= F(t) 4 0t2 F(t)= (1+2 1>2 x(0) = 0, x'(0) = 0

Answered: 3 weeks ago

Question

Best 11_ratio : 0.3 Best alpha: 0.1 Try again for more precision with 11_ratio centered around 0.3 Best 11 ratio : 0.3 Best alpha 0.1 Now try again for more precision on alpha, with 11_ratio fixed at...

Answered: 3 weeks ago

Question

Summary of why to use lean operating systems using the text and 2-3 outside sources

Answered: 3 weeks ago

Question

Bonus Activity: The Cookie Jar For this challenge, you'll once again use (cur1), but this time you'll use it to manage and swap sessions. Heads Up: In order to complete this activity, you must have...

Answered: 3 weeks ago

Question

=+Taco Bell is pleased to announce that we have agreed to purchase the Liberty Bell, one of our countrys most historic treasures. It will now be

Answered: 3 weeks ago

Question

=+Congress increases both the tax and the benefi ts. For simplicity, assume that Congress announces that the increases will last for only one year.

Answered: 3 weeks ago

Question

=+ a. How do you suppose this change would affect the economy? (Hint: Think about the marginal propensities to consume of the young and the old.)

Answered: 3 weeks ago

Previous Question Next Question