Question
Your Company had net income of $450,000 and paid no dividends during the year. It had 150,000 of weighted-average common shares outstanding at year end.
Your Company had net income of $450,000 and paid no dividends during the year. It had 150,000 of weighted-average common shares outstanding at year end. Its dividend per share was $2.05, its book value per share was $120 market price per share was $174, and its. What is the company's price-earnings ratio?
Your Company issued a $150,000 face value bond on January 1, 2020. The 20-year term bond was issued at 99 and had a 3.5% stated rate of interest that is payable on a semi-annual basis each June 30th and December 31st. What is the semi-annual interest expense? (Round to the nearest dollar.)
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