In a game, a dominant strategy is a. the best strategy for a player to follow only if other players are cooperative. b. a strate
1 answer:
You might be interested in
Answer: The rate of return on common stockholder’s equity is 23%.
Explanation:
Given that,
Net Income = $50,000
Preferred Dividends = 8,000
Average Common Stockholder’s Equity = 180,000
Average number of Common Shares Outstanding = 250,000 shares
Market Price = $2 per share
Therefore,
Return on equity =
=
= 23%
Answer
The answer and procedures of the exercise are attached in the following image.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
