The Patterson- Hale Trucking Company (PHT) needs to expand its fleet by 50 percent to meet the
Question:
a. If PHT earns $ 4 million in 2013, how much common stock will the firm need to sell in order to maintain its target capital structure?
b. If PHT wants to avoid selling any new stock but wants to maintain a constant dividend pay-out percentage of 50 percent, how much can the firm spend on new capital expenditures?
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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Related Book For 
Foundations of Finance The Logic and Practice of Financial Management
ISBN: 978-0132994873
8th edition
Authors: Arthur J. Keown, John D. Martin, J. William Petty
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