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
Galina-37 [17]
3 years ago
11

Smiling Elephant, Inc., has an issue of preferred stock outstanding that pays a $2.85 dividend every year, in perpetuity. If thi

s issue currently sells for $77.32 per share, what is the required return?
Business
1 answer:
nikdorinn [45]3 years ago
7 0

Answer:

3.69%

Explanation:

The formula to compute the required rate of return is shown below:

=  (Annual dividend per year) ÷ (Current selling price per share) × 100

= ($2.85) ÷ ($77.32) × 100

= 3.69%

We simply divide the annual dividend per year with the current selling price per share and then multiply it by  percentage, so that the required rate of return can come in percentage

You might be interested in
If a salesperson sells 34 pairs of jeans, 126 t-shirts, and 40 jackets, what fraction of the total number of items sold do the j
tino4ka555 [31]

Answer:

1/5

Explanation:

34 + 126 + 40 = 200

40 jackets so 40/200

40/200 = 1/5 or one fifth

8 0
3 years ago
Heather wants to buy a new tent. she so far has saved $23 and her parents have told her that any remaining money she saves they
brilliants [131]
A $66.50

First take the money she already has from the total.
156-23=133

Then divide this by two. She only needs to save half of this as her parents will match the half she saves.
133÷2=66.5
$66.50
7 0
3 years ago
Assume a drought in the Great Plains reduces the supply of wheat. Noting that wheat is a basic ingredient in the production of b
tatyana61 [14]

Answer: a. rise, the supply of bread to decrease, and the demand for potatoes to increase.

Explanation:

According to the Economic law of SUPPLY AND DEMAND, less supply means HIGHER prices simply because the good is becoming scarce not unlike fuel during global oil shortages.

Now, we are told that the drought reduced the supply for wheat which means the SUPPLY of wheat has DECREASED and this will translate to the SUPPLY of Bread DECREASING as well. According to the aforementioned law, prices of Bread will therefore RISE.

Since Bread prices have risen, people will seek alternatives to bread as they may not want to pay the high price. This will lead them to choosing the alternative to bread which in this case are Potatoes which would therefore INCREASE the DEMAND for potatoes.

3 0
3 years ago
McDonald's is an excellent example of a firm that simultaneously employs both a product-differentiation and a cost-leadership st
julia-pushkina [17]

Answer:

The correct answer is True.

Explanation:

Product differentiation is a competitive strategy that aims to make the consumer perceive the good or service offered by a company differently from those of the competition.

The cost leadership strategy is to find and maintain a low cost position compared to the competition, this will allow the company to obtain higher returns than the industry average.

There is a relationship between the cost leadership strategy and the possession of a high market share, this is because having a high market share allows the appearance of economies of scale and economies of experience, both contribute to reducing unit costs.

7 0
3 years ago
Read 2 more answers
What are the educational or training requirements for becoming a professional photographer? what options exist for individuals?
vichka [17]
Bachelor of arts in photography i guess
3 0
3 years ago
Read 2 more answers
Other questions:
  • When her income increased from $10,000 to $20,000, Heather's consumption of macaroni decreased from 10 pounds to 5 pounds and he
    9·1 answer
  • Tamarisks Hardware reported cost of goods sold as follows. 2019 2020 Beginning inventory $ 23,000 $ 33,500 Cost of goods purchas
    15·1 answer
  • Global Enterprises has spent $134,000 on research developing a new type of shoe. For this shoe to now be manufactured, the firm
    12·1 answer
  • The following data have been provided by Letze Corporation from its activity-based costing accounting system: Factory supervisio
    15·1 answer
  • The common stock of the P.U.T.T. Corporation has been trading in a narrow price range for the past month, and you are convinced
    9·1 answer
  • Suppose​ Dave's Discount's Merchandise Inventory account showed a balance of​ $8,000 before the​ year-end adjustments. The physi
    11·1 answer
  • Paula earns $40,000 per year and rides her bicycle to work. There is a 1% chance that she will break her leg in the next year an
    5·1 answer
  • Ian is the congressional aide for a senator serving in Washington, D.C. The senator is involved in helping put together and pass
    13·2 answers
  • 1. Which country hosted the Last FIFA World Cup?​
    6·1 answer
  • Massages For You offers single massages at the price of $75. However, if you buy a one-year membership, you will have a monthly
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!