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Softa [21]
4 years ago
9

3M’s preferred stock, which pays an annual dividend of $6 per share, was trading for $60 per share yesterday. However, news brok

e early this morning that some of the materials the company used for one of his most popular home products is a well-known carcinogenic. Consequently, the required rate of return for the stock went up to 12%. What will be the new price of the shares?
Business
1 answer:
Yuri [45]4 years ago
8 0

Answer:

$50

Explanation:

Given that,

Annual dividend per share = $6

preferred stock trading yesterday at = $60 per share

Required rate of return for the stock went up to = 12%

Cost of preferred stock = (Dividend ÷ share price)

0.12 = (6 ÷ New share price )

New share price = (6 ÷ 0.12)

New share price = $50

Therefore, the new price of the shares will be $50.

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When the world price of some good is above the domestic price (before trade), then after trade, that nation will likely be:
Rudiy27

Answer:

EXPORT

Explanation:

If the domestic price of a country for  a good is lower than world price before trade, it mean that the country is producing that good efficiently - at a cheaper cost. After trade, the country would export the good, so that the world can produce more of the goods it produces efficiently.

If the world price is below domestic price of a country before trade, after trade, the country would import

7 0
3 years ago
_____ are used to take money directly from your account.
OverLord2011 [107]
Debit cards is the best anwser
8 0
4 years ago
Read 2 more answers
Which of the following items would typically not be included in an audit program?a. A list of audit procedures to be performed.b
bulgar [2K]

Answer:c

Explanation:because nomally we apply the other two but I have never heard of "a workplace heading"

I'mnot sure if this is right

4 0
3 years ago
The following data are given for Bahia Company: Budgeted production 1,000 units Actual production 980 units Materials: Standard
garri49 [273]

Answer:

Volume overhead  $ 540  unfavorable

Explanation:

<em>The volume overhead is the difference between the budgeted units and actual units multiplied by the cost unit</em>

Fixed over cost per unit =budgeted cost/Budgeted unit

                                        = $27,000/1000 units

                                        = $27

Volume variance

                                                                          Units

Budgeted unit                                                  1000

Actual unit                                                          <u>980</u>

<u>Difference </u>                                                             20 unfavorable

Standard fixed overhead per unit                  <u> × $27</u>

Volume overhead                                            <u> 540  unfavorable</u>

                                       

7 0
3 years ago
ValiantCorp is a C corporation that earned$ 3.90 per share before it paid any taxes. ValiantCorp retained​ $1 of after tax earni
NeTakaya

Answer:

the investor wil receive a net of 87,500 dollar after the taxation on diviends.

Explanation:

we are given with the after-tax distribution for the company at $1 dollar per share

100,000 shares x $1 each = $100,000 cash dividends

then we apply the dividends earnings taxation to solve for how much is the after tax cash received by the holder:

$100,000 x (1 - 0.125) = $87,500

4 0
3 years ago
Read 2 more answers
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