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damaskus [11]
3 years ago
9

The Jackson-Timberlake Wardrobe Co. just paid a dividend of $1.95 per share on its stock today. The dividends will grow at a con

stant rate of 4 percent per year indefinitely. If investors require a return of 10.5 percent on the stock, what is its current price?"
Business
1 answer:
exis [7]3 years ago
7 0

Answer:

$31.2

Explanation:

The price of the share of the  Jackson-Timberlake Wardrobe Co. shall be determined through the following mentioned formula:

Price of share=[D(1+g)/(r-g)]

In the given question

D=dividend just paid by the company=$1.95

g=growth rate=4%

r=required rate of return=10.5%

Price of share=[$1.95(1+4%)/(10.5%-4%)]

                       =$31.2

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lutik1710 [3]

Answer:

The correct answers are letters "A" and "B": Your project is unimportant; I am unprofessional.

Explanation:

In business writing, it is very important to be <em>concise, clear, </em>and <em>professional</em>. Mason is showing none of that by sending a report using an old template without dedicating some minutes to review the content before sending the message. Mason's <em>unprofessional </em>behavior is reflected in not even changing the title of the report which is one of the most visible areas of the file. Under those circumstances, <em>the client may just believe making his report is not important for Mason</em>.

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3 years ago
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Tpy6a [65]

Answer:

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Explanation:

8 0
2 years ago
Ibis Paper Company prepared the following static budget for November: Static budget Units/Volume 12,000 Per unit Sales revenue $
arlik [135]

Answer:

Net operating income= $159,900

Explanation:

Giving the following information:

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Total contribution margin= 172,900

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Net operating income= 159,900

6 0
4 years ago
Rush Corp. has outstanding accounts receivable totaling $500,000 as of December 31 and sales during the year of $250,000. There
Dominik [7]

Answer:

$20,000

Explanation:

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Using this formula

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Lamar has just gotten a new job and is attending a company party where he will meet his colleagues for the first time. his boss
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