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

Question

1 Approved Answer

q10 blue legend international just paid its annual dividend in the amount of 2.70. the company will increase its dividends by 20 percent per year

q10
blue legend international just paid its annual dividend in the amount of 2.70. the company will increase its dividends by 20 percent per year for the next 2 years after that the company will keep a constant growth rate of 5 percent per year , forever. if the required rate of return is 10 percent what is the current stock price of blue legend international?

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

Financial Accounting

Financial Accounting

Authors: Belverd E Needles, Marian Powers

10th Edition

0547193289, 9780547193281

More Books

Students also viewed these Finance questions

Question

★★★★★
Refer to the below table for Question 1 to 3: 1. What is the final value of the product? 2. What is the value added at each stage of production as described below? 3. How is the final value of the...

Answered: 1 week ago

Question

★★★★★
In Problem, perform the indicated operations and simplify. (4x 1)(x 3)

Answered: 1 week ago

Question

★★★★★
1.1 Describe the key elements of the No Child Left Behind Act and its successor, the Every Student Succeeds Act, and discuss the continuing impact of testing and accountability for teachers and...

Answered: 1 week ago

Question

★★★★★
You will need the working papers that accompany this textbook in order to work this mini practice set. Bluma Co. uses a perpetual inventory system and both an accounts receivable and an accounts...

Answered: 1 week ago

Question

★★★★★
Howell Corporation produces an executive jet for which it currently manufactures a fuel valve; the cost of the valve is indicated below: Cost per Unit Variable costs Direct material $900 Direct labor...

Answered: 1 week ago

Question

★★★★★
The December 31, 2015, balance sheet of the GAB LLP reads as follows: Capital is not a material income-producing factor for the LLP. Gina is an active (general) partner and owner of a 25% interest in...

Answered: 1 week ago

Question

★★★★★
I've gotten stuck on these and don't know what I did wrong in order to fix it. Question 1 McDonald's Corporation reports total average assets of $28.9 billion and net sales of $20.5 billion. What is...

Answered: 1 week ago

Question

★★★★★
Review very carefully property 2 in the Definition of norm ( you might also want to listen carefully to the presenter ) , then answer the following question: True / False: \ | \ alpha \ mathbf { v }...

Answered: 1 week ago

Question

★★★★★
Who are Netflix s competitors and why would they be likely to take action against Netflix? Include the role of market commonality and resource similarities. Why does Netflix appear to have a...

Answered: 1 week ago

Question

★★★★★
As shown in [Figure 1-14], the rotatable dump is connected to the truck's bed by a hinge at the support point C and supported by the hydraulic cylinder AB . The weight of the dump is 5 [kN], and the...

Answered: 1 week ago

Question

★★★★★
The present value of a future amount was calculated to be R207,54 at a discount rate of 5% and the present value of the same future amount was calculated to be R183,30 at a discount rate of 6%. Use...

Answered: 1 week ago

Question

★★★★★
Use the data from the following file (Fish.csv) table pasted below for running linear regression. Weight Length1 Length2 Length3 Height Width 242 23.2 25.4 30 11.52 4.02 290 24 26.3 31.2 12.48 4.3056...

Answered: 1 week ago

Question

★★★★★
Should civil service employees be allowed to unionize? Why?

Answered: 1 week ago

Question

★★★★★
Is testing the best way to identify the best candidate for a job? Why or why not?

Answered: 1 week ago

Question

★★★★★
Describe the principal hazards in espousing a policy of development from within an organization while aggressively recruiting from the outside.

Answered: 1 week ago

Previous Question Next Question