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
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.

You might be interested in
How many people lost their jobs when the minimum wage increased from $12 to $18?
KATRIN_1 [288]

Answer:

alot 34

Explanation:

why? cuz there was 18 and 12

8 0
4 years ago
Read 2 more answers
Amy is analyzing a job offer. Amy’s Salary Analysis Annual Salary Benefits Average Monthly Rent Average Monthly Utility Costs $4
Alenkinab [10]

Answer:

<em>D) $56,000</em>

Explanation:

<em>Amy's annual salary + benefits = annual salary + bonuses + 401K employer matched up contributions = $48,500 + $5,000 + $2,500 = $56,000</em>

<em>The 401K matched up contributions are considered a benefit because the employer has no legal obligation to pay them.</em>

<em>and its right on e2020 (edge-nuity)</em>

7 0
3 years ago
Read 2 more answers
Free cash flow is chegg
pentagon [3]

After a company has invested in the assets required to support continued operations, cash flows become available for distributions to stockholders including debt holders.

<h3>Why is free cash flow important?</h3>

A business's free money flow can reveal information about its health. If you have a lot of free cash flow, you could have sufficient money to cover your operational costs plus some. The balance may be distributed to investors, reinvested in the company, or used for stock buybacks.

<h3>What causes free cash flow to rise?</h3>

debt restructuring to reduce interest rates and improve repayment terms. restricting, postponing, or cutting back on capital expenditures. hiring a CFO or part-time CFO to use management accounting to enhance financial strategy and overall operations.

To know more about Free cash flow visit:

brainly.com/question/14762501

#SPJ4

3 0
1 year ago
What are the origins of the reactants and the destination of the products?
julsineya [31]
The origins of the reactants and the destination of the products are :
The products of aerobic respiration are carbon dioxide, water, and energy. The reactants are Glucose and Oxygen.
This will be needed for the formation of ATP during photosynthesis process

hope this helps
8 0
3 years ago
Bedford had this info at the end of 2015, its first year of operations: No other permanent or temporary differences exist. The l
Alex73 [517]

Answer: $150,000

Explanation:

Seeing as the litigation expense will only be paid in 2018, it should be added back to income for 2015.

= 900,000 + 100,000

= $1,000,000

As the depreciation will reverse evenly over the next three years and with future income probable, it should be removed from income.;

= 1,000,000 - 300,000

= $700,000

Municipal Bonds have the advantage of being Tax-exempt so their interest income should be removed to calculate how much tax should be paid.

= 700,000 - 200,000

= $500,000

2015 Income Tax Payable = 500,000 * 30%

= $150,000

5 0
3 years ago
Other questions:
  • An independent gas station sits beside a busy highway. Half of its customers are travelers passing through the area. On a sign i
    11·2 answers
  • Scotland Corporation had net income for 2018 of $ 77 comma 000. Scotland had 13 comma 000 shares of common stock outstanding at
    13·1 answer
  • he following information was taken from a company’s bank reconciliation at the end of the year: Bank balance $ 9,000 Checks outs
    14·1 answer
  • A firm just paid an annual dividend of $1.00 today. The dividend is expected to growth at a rate of 14% for the next three years
    14·1 answer
  • When a company issued 25,000 shares of $1 par value common stock for $10 per share, the journal entry for this issuance would in
    11·1 answer
  • Taylor Shoe Company just realized that the local newspaper advertisement was not correct and they immediately contacted the loca
    8·1 answer
  • Biff has just seen an ad in the paper for a new Nissan pickup truck for $15,000. He hurries to his local dealership but is disap
    5·1 answer
  • Jamara has started a home party business that hosts parties and those attending paint signs. Jamara must pay $500 a year to be a
    13·1 answer
  • The general rule for using the weighted average cost of capital (WACC) in capital budgeting decisions is to accept all projects
    13·1 answer
  • Determine the interval(s) on which the function is increasing and decreasing. (enter your answers using interval notation. if an
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!