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stellarik [79]
3 years ago
10

Johnson Production Company paid a dividend yesterday of $3.50 per share. The dividend is expected to grow at a constant rate of

10% per year. The price of KayCee's common stock today is $40 per share. If KayCee decides to issue new common stock, flotation costs will equal $4.00 per share. KayCee's marginal tax rate is 35%. Based on the above information, the cost of new common stock is Select one: a. 19.63%. b. 20.09%. c. 26.41%. d. 17.55%.
Business
1 answer:
lara [203]3 years ago
5 0

Answer:

correct option is a. 19.63%

Explanation:

given data

dividend = $3.50 per share

constant rate = 10% per year

common stock = $40 per share

flotation costs = $4 per share

solution

we know formula that is

cost of retained earnings = \frac{Dividend}{Current price} + Growth rate

we will ignored Flotation costs  in this case

so it will be = \frac{3.5 * 1+0.1}{40} + 0.1

= 19.63 %

so correct option is a. 19.63%

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We can arrive at this answer because:

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This type of behavior shows commitment to customer service, which gives the Behavior Analyst credibility and increases the chances of a contract.

More information:

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7 0
2 years ago
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luda_lava [24]

Answer: Note Receivable

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A Note Receivable is a written document from a party promising to repay another party with interest on amounts borrowed in form of cash or otherwise thereby creating a debtor - creditor relationship between them.

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4 0
3 years ago
Quien es el equipo con más champions​
Black_prince [1.1K]

Responder:

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Explicación:

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6 0
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The following information pertains to the Frameworks Corporation for May. Calculate the cost of goods sold for the period:Beginn
ANTONII [103]

Answer:

The correct answer is D.

Explanation:

Giving the following information:

Beginning Finished Goods Inventory $19,500

Ending Finished Goods Inventory$18,000

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To calculate the cost of goods sold we need to use the following formula:

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Ray Of Light [21]

Answer:

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culture is that stiff part of one life that cannot be change with time and more or less on the basis this consumer change its decision.

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