We know the stock has a required return of 12 percent, and the dividend and capital gains yield is equal.
<h3>Dividend yield and capital gains yield</h3>
Dividend yield = 1/2(.12)
Dividend yield = .060 = Capital gains yield
Now we know both the dividend yield and capital gains yield. The dividend is simply the stock price times the dividend yield, so:
D1 = .060($65.50)
D1 = $3.93
This is the dividend for next year. The question asks for the dividend this year. Using the relationship between the dividend this year and the dividend next year:
D1 = D0(1 + g)
We can solve for the dividend that was just paid:
$3.93 = D0(1 + .060)
D0 = $3.93 / 1.060
D0 = $3.71
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Answer:
True: This is an effective beginning for a direct reply letter.
Arrange your information logically
Explanation:
Communication is the process whereby information or message is pass one from one person to another. Communication is complete when the receiver knows or understand what the sender is passing on(message). There are different types of communication of which there is the direct and indirect form of communication. Communication can be done through letters, face to face discussion, through the mass media and others. The way information is passed plays a huge role in the receiver understanding or decoding the message.
Answer:
Substitute
Explanation:
substitute goods are usually used in place of the original or the intended one. It is simply known to be a close replacement for one another just as price increase, demand for goods and services increases. A common examples of substitute goods are margarine and butter, turkey and chicken and others. In goods Substitution, the increase in price of one good increases demand for the other while the decline in price of one good will decrease demand for the other. That is if Coke price goes up, more people will likely to buy Pepsi. Substitute products as an offering product of different businesses or industries, is said to satisfy similar customer needs.
Answer:
Desert Company
The amount of notes payable that should be recorded as a current liability will be $520,000.
Explanation:
The 8% notes payable had been refinanced to a long-term notes payable. But, the 7% notes payable was still being negotiated for refinancing. Since the refinancing had not been agreed, the notes payable would still have a balance of $520,000. However, a note in accounts could state the fact that the notes payable was being negotiated for refinancing.