Take a Test - Hogan Laskey - Google Chrome https://www.mathxl.com/Student/PlayerTest.aspx?testld-190033499¢erwin-yes FINA3120 Fall 2018 Ogan Laskey | 12/14/18 12:52 PM Test:Exam 4 Submit Test This Question: 1 pt 22 of 23 (16 complete) This Test: 23 pts possible The HNH Corporation will pay a constant dividend of S2.00 per share, per year, in perpetuity. Assume all investors pay a 20% tax on dividends and that there is no capital gains tax. The cost of capital for investing in HNH stock is 12% a. What is the price of a share of HNH stock? b. Assume that management makes a surprise ann stock now? Qu t that HNH will no longer pay dividends but will use the cash to repurchase stock instead. What is the price of a share of HNH a. What is the price of a share of HNH stock? KMS The price of a share of HNH stock is (Round to the nearest cent) provid b. Assume that management makes a surprise announcement that HNH will no longer pay dividends but will use the cash to repurchase stock instead. What is the price of a share of HNH stock now? The price of a share of HNH stock is SO (Round to the nearest cent) Ex Q: Enter your answer in each of the answer boxes Re dk 1252 PM KMS Corporation H... Take a Test- Hoga... 12/14/2018