Answer: High up-front costs.
Explanation:
Webster's limitation to owning a chain of incorporated bakeries would be the high up-front cost or capital needed to start up the company.
The up-front costs as in the case of the question is the money needed to start up the bakery company.
Answer:
Amount of Dividend that was just paid is $1.39
Explanation:
Dividend yield = Dividend for next period / Current price
Dividend for next period = 44 * 3.3%)
=$1.452
Hence, dividend that was just paid=Dividend for next period*Present value of discounting factor(rate%,time period)
= 1,452 / (1+0.046)
= 1.452 / 1.046
= 1.3881
= $1.39
