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This is for my Corporate Finance class. Please reply to me as soon as possible. I will leave dumps up. Question 30 (3 points) Cascade
This is for my Corporate Finance class. Please reply to me as soon as possible. I will leave dumps up.
Question 30 (3 points) Cascade Industries Inc. intends to pay a common stock dividend of $3.18 one year from today and the firm anticipates that the dividend will continue to grow at a rate of 2% per year indefinitely. If the firm has a 13% required rate of return, what is the fair value per share of the firm? $21.20 $28.91 $21.62 $29.49 Question 28 (4 points) Simpson Industries Inc. bonds currently have 12 years remaining to maturity. The bond pay coupons semiannually. What is the current price of the bonds if they carry a face value of $1,000, an annual coupon rate of 8% and an annual yield to maturity (discount rate) of 7%? $924.64 $1,000.00 $1,079.43 $1,080.29 Question 17 (3 points) Felton Financial Inc, had net earnings last year of $487,000. If the firm has a dividend payout policy of 30%, what was the addition to retained earnings? $340,900 $487,000 $146,100 None of the aboveStep by Step Solution
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