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
tigry1 [53]
3 years ago
7

Carby Hardware has an outstanding issue of perpetual preferred stock with an annual dividend of $2.30 per share. If the required

return on this preferred stock is 6.5%, at what price should the preferred stock sell?
Mathematics
1 answer:
nikitadnepr [17]3 years ago
4 0

Answer:

$ 35.38

Step-by-step explanation:

Given data:

Annual dividend per share = $ 2.30

Required return on the preferred stock = 6.5 %

Thus,

Selling price of the preferred stock

= Annual dividend per share / Required return on the preferred stock

on substituting the respective values, we get

Selling price of the preferred stock = $ 2.30 / 6.5% = $ 2.30 / 0.065

or

Selling price of the preferred stock = $ 35.38

You might be interested in
What is the discriminant of the quadratic equation 0 = –x2 4x – 2? a.–4 b.8 c.12 d.24
MrMuchimi
X^2 - 4x + 2
d = b^2 - 4ac, where a = 1, b = -4 and c = 2
d = (-4)^2 - 4 x 1 x 2
d = 16 - 8
d = 8
4 0
3 years ago
What is the value of x in the equation 40(x - 3) = 24x - 48?
pogonyaev

Answer:

x=10.5

Step-by-step explanation:

40x-120=24x-48

40x-168=24x

16x-168=0

16x=168

x=10.5

Have a great day!

6 0
2 years ago
The reflection pool is 1 meter deep, 10 meters wide, and 20.5 meters long. What is the volume of the pool
gtnhenbr [62]
Volume = length x width x height
Volume = 1 x 10 x 20.5
Volume = 205 m^3
3 0
3 years ago
Out of 25, Alan made 18 basketball shots. If he shoots 100 shots, how many should we expect him to make?
never [62]

Answer: 72

Step-by-step explanation:

25:18 - 25 total : 18 made

25:18 x 4 = 100:72

100:72- 100 total : 72 made

3 0
3 years ago
Read 2 more answers
Simplify the picture below
podryga [215]
((x^2-3x-18)/(x+3))
((x-6)(x+3))/(x+3)
The x+3 on top cancels out the x+3 on the bottom so all you have left is

x-6


Hope I didn't mess up for your sake!
3 0
3 years ago
Other questions:
  • Greg sets his watch for the correct time on Wednesday. one week later, he finds his watch lost 3 1/4 minutes. if this continues
    5·1 answer
  • SOMEONE PLEASE HELPP!!!!!!!!
    15·2 answers
  • Information is given about a polynomial f(x) whose coefficients are real numbers. Find the remaining zeros off.
    6·2 answers
  • an airplane descends 1.5 miles to an elevation of 5.25 miles.find the elevation of the plane before its descent.
    15·1 answer
  • If 1 mile equal to 1.61 kilometers, how many kilometers are there in 50 miles
    9·2 answers
  • One faucet fills up a bathtub in 15 minutes while the second fills it up in 10 minutes. If both faucets are turned on, what frac
    10·1 answer
  • Factor the expressions.
    11·1 answer
  • Match the following equation to the correct situation.
    15·1 answer
  • Question 5 (1 point) 5 The Cool Shirts company prints personalized designs on T-shirts. The cost y for x shirts with the same de
    6·1 answer
  • state domain and range, intercepts, relative max and relative mins points and values, intervals of increase and decrease, interv
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!