1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
NISA [10]
1 year ago
14

the rlx company just paid a dividend of $3.10 per share on its stock. the dividends are expected to grow at a constant rate of 4

.25 percent per year, indefinitely. assume investors require a return of 9 percent on this stock. what is the current price?
Business
1 answer:
lesantik [10]1 year ago
8 0

The current price of the stock is $68.04. The most recent price at which a security was sold on an exchange is the current price.

<h3>Does the market price match the present pricing?</h3>

Both buyers and sellers use the current price as a benchmark. The asking price is a good reflection of current worth, but depending on supply and demand, the actual selling price could be greater or lower.

The current price, often known as the "market price," is the cost that was most recently exchanged for a share or unit of security, coin, good, or precious metal that is traded on an exchange. The market capitalization, or "market cap," of a firm is calculated using the market price per share.

Given:

Current Price = D1/(ke - g)

D1 = 3.10 × (1 + .0425)

ke = 9%

g = 4.25%

Current price = 3.10 × (1+.0425)/(9% - 4.25%) = $68.04

To learn more about current price, visit:

brainly.com/question/14363232

#SPJ4

You might be interested in
Suppose a city that operates local electric and natural gas companies wants to raise revenues by increasing its rates for electr
leva [86]

Answer: Inelastic

Explanation:

Price elasticity could be defined as when the desire for a product changes as it's price changes. When people's desires changes or they are no longer interested as the price for the commodity goes up. Inelastic demand is defined as when the buyers demand does not change or is not influenced as the price of the commodity goes up, rather the demand decreases than increasing. The price rise will increase city revenues if the elasticity of demand for electricity and natural gas is elastic.

7 0
3 years ago
Because the first members of the baby boom generation have now turned 50, we are likely to see a shift to more positive images o
Effectus [21]
Their vast numbers translate into economic clout and political power
7 0
3 years ago
The executives of the company need you to present on a new skateboard project which will be manufactured either in-house or in a
Effectus [21]

Explanation:

In this case, we see that the product's life cycle is in the introduction phase.

This is the first phase, where the initial phase of the product's life occurs, it is the phase where a new product will be launched on the market, so in this phase the ideal is to have a market segmentation, which occurs in the identification of a group of people with similar product responses and preferences, in order to find the ideal target audience for the new product to be launched and direct the advertising strategy and product features to that potential audience.

5 0
3 years ago
SHAPE magazine is targeted at young women seeking healthier lifestyles. At a price of $3 per copy, 1.25 million copies are sold.
Lerok [7]

Answer:

A. $ 3,750,000

Explanation:

Given that

At lower price

A copy is $3

Copies sold = 1.25 million

Recall that

Total revenue = Price of good × quantity of goods sold.

That is, the total amount of money a seller obtains by selling goods or/and services to a buyer(s)

Thus

Total revenue at low cost

= 3 × 1.25 million

= 3.75 million

= $3,750,000

3 0
3 years ago
​Aylward, Inc. currently has $2,141,000 in current assets and $842,000 in current liabilities. The company’s managers want to in
makvit [3.9K]

Answer:

$240,500

Explanation:

We know that

Current ratio = Total Current assets ÷ total current liabilities

= $2,141,000 ÷ $842,000

= 2.5 times

For current ratio falling below 2.2, we have to assume the borrowed amount be X

So, the equation would be

$2,141,000+ X ÷ $842,000 + X = 2.2

$2,141,000+ X = 2.2 × ($842,000 + X)

$2,141,000+ X = $1,852,400 + 2.2X

$2,141,000 - $1,852,400 = 2.2X - X

$288,600 = 1.2X

So X would be $240,500

4 0
3 years ago
Other questions:
  • Which change within the federal government results from the census that is taken every ten years?
    7·1 answer
  • Since he started at american eyeful pictures, inc., david has worked in japan, china, and thailand. the company has probably set
    9·1 answer
  • In the ____ stage, denial occurs despite signs of deteriorating performance.
    9·1 answer
  • Hotel clerks, amusement park workers, and travel agents all work in careers found in the _____ career cluster.
    7·2 answers
  • What are the advantages and disadvantages of making small, frequent purchases from just a few suppliers?
    5·1 answer
  • a manufacturer of games sell each copy for 21.95.the manufacturing cost of each copy is 14.92. monthly fixed cost is 8500. durin
    10·1 answer
  • There have been several instances in the last 150 years when valuable materials such as diamonds have been found contained in gl
    5·1 answer
  • Assume a central bank exchanges its currency for other foreign currencies in the foreign exchange market, but does not adjust fo
    14·1 answer
  • How am I still single.
    14·1 answer
  • The role of the entrepreneur in society is to bring the factors of production together and take the risks of producing output. r
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!