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
Mashutka [201]
2 years ago
14

Kindzi Co. has preferred stock outstanding that is expected to pay an annual dividend of $3.34 every year in perpetuity. If the

required return is 3.59 percent, what is the current stock price?
Business
1 answer:
zhenek [66]2 years ago
3 0

Answer:

The current price of the stock is $93.036

Explanation:

The zero growth dividend model provided by the DDM will be used here to calculate the value of stock today. The stock's dividedn are just like a perpetuity. The value or pirce of a perpetuity is,

P0 = D / r

Where,

D is the dividend

r is the required rate of return

P0 = 3.34 / 0.0359

P0 = $93.036

You might be interested in
44) Christopher, a department manager, is attending the monthly budget planning meeting where all the department managers report
andreev551 [17]

When Christopher ask questions and nods his head after their responses. He is exhibiting the active style of listening.

<h3>What is active listening?</h3>

Active listening is a type of listening where the listener give rapt attention to the person <em>speaking</em> including the guestures.

The individual also ask questions to confirm all that his learning.

Therefore, When Christopher ask questions and nods his head after their responses. He is exhibiting the active style of listening

Learn more on active listening here,

brainly.com/question/3185541

5 0
2 years ago
In business, a message written to right a wrong is called a claim. Straightforward claims are those where the receiver is expect
REY [17]

Answer: A clear statement of the problem

Explanation:

The opening of a direct claim message should clearly state the problem that you would like to be addressed by the receiver and would set the tone for the rest of the message.

Claim messages are formal messages and as such, should be clear and concise so that the message is communicated effectively and there is a lesser chance of the message being misread. This is why the message should be clearly stated, so that the receiver understands it and responds in kind.

5 0
2 years ago
The Josey Company purchased equipment for $21,000 on October 1. It is estimated that annual depreciation on the computer will be
zimovet [89]

Answer:

b

Explanation:

4 0
3 years ago
An internal control system consists of all policies and procedures used to protect assets, ensure reliable accounting, promote e
GenaCL600 [577]

Answer:

Explanation:

1. True

Separation of record keeping for assets from custody over assets in custody over assets reduces theft and fraud . except in a case of collusion.

Fraud and theft of assets can be easily perpetrated and covered up when an individual combines the role.

2. False

Internal control focuses more on the internal operation of an organization rather than the external. Even though it can still be of impact in checking the excesses of external parties like the government agencies , but that is not its primary objective

3.True

Internal control's main objectives can be best accomplished when there is an operational system with managerial policies that protect waste , fraud and theft , being the major factors targeted to control

4.False

Separating the responsibility for a transaction between two or more individuals or departments is a major way of preventing creation of fictitious invoices and payment as it could have easily be detected if different individuals are involved in approval and payment of invoices.

7 0
3 years ago
Which of the following characteristics would lead the auditor to assess control risk at a higher level?a. It is difficult for th
Yuri [45]

Answer:

E. All of the above.

3 0
3 years ago
Other questions:
  • According to zillow, the typical selling price of single-family homes for sale in Corvallis, Oregon in Spring 2018 are provided
    15·1 answer
  • Gideon Company uses the allowance method of accounting for uncollectible accounts. On May 3, the Gideon Company wrote off the $2
    7·1 answer
  • At an inflation rate of 7 percent, the purchasing power of $3 would be cut in half in 10.25 years. how long to the nearest year
    13·1 answer
  • Which strategic approach tends to work best when price competition among rival sellers is vigorous, the market is large, and the
    13·1 answer
  • If a society decides to produce consumer goods from its available resources, it is answering the basic economic question,
    14·1 answer
  • The financial statements of Trenton Office Supply include the following​ items: 2019 2018 Cash $ 46 comma 500 $ 43 comma 000 Sho
    14·2 answers
  • A company is considering two projects. Project I Project II Initial investment $120,000 $120,000 Cash inflow Year 1 $40,000 $20,
    12·1 answer
  • The proposition that if private parties can bargain without cost over the allocation of resources, they can solve the problem of
    12·1 answer
  • Explain factors that affect good work habits​
    7·1 answer
  • This first-mover advantage occurs when a company can significantly _______ its market share by being first with a new competitiv
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!