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
gulaghasi [49]
3 years ago
8

A preferred stock from Hecla Mining Co. (HLPRB) pays $3.10 in annual dividends. If the required rate of return on the preferred

stock is 7.4 percent, what is the fair present value of the stock?
Business
2 answers:
maks197457 [2]3 years ago
5 0

Answer:

present value of stock = $41.89

Explanation:

given data

annual dividends = $3.10

rate of return = 7.4 percent

solution

we get here fair present value of stock that is express as

present value of stock = Annual dividends ÷ Required return  ....................1

put here value and we get

present value of stock = \frac{3.10}{0.074}  

solve it and we get

present value of stock = $41.89

Varvara68 [4.7K]3 years ago
3 0

Answer:

$41.89

Explanation:

The computation of the fair value of the stock is shown  below:

Fair Value of the stock = (Annual dividends) ÷ (Required rate of return - growth rate)

                                      = $3.10 ÷ 7.4%

                                      = $41.89

In order to compute the fair present value of the stock, we simply divided the annual dividend by the required rate of return so that the approximate value could come.

You might be interested in
Assume that a risky security pays an average cash flow of $100 in one year. The risk-free rate is 5%, and the expected return on
ki77a [65]

Answer:

The risk premium appropriate for this security is 4%.

Explanation:

The returns vary by only half as much as the market index which means that the security half as risky as the market.

The risk-premium for the security should be half of the market risk premium.

Market risk premium is calculated by = Expected return on the market - Risk free rate

Market risk premium = 13% - 5% = 8%

The risk premium on the security would be 8% / 2 = 4%

8 0
3 years ago
On January 2, The Public Legal Clinic issued Check 2108 for $370 to establish a petty cash fund. Indicate how this transaction w
denis23 [38]

To create the petty cash fund, make the following journal entry: debit Petty cash fund account ($430), credit cash account ($430).

<h3>What is petty cash fund?</h3>

A petty cash fund's main objective is to give business units enough money to pay for small expenses. The purpose is to make it easier for staff workers and visitors to get reimbursed for little expenses like taxi rides, postage, office supplies, and other things that often don't cost more than $25.00.

The data can also come from of the petty cash fund. Add up all of the expenses that are mentioned on each petty cash vouchers in the petty cash fund. This sum should be deducted from the calculated cash withdrawal amount. The outcome ought to be 0. There is an excess of cash in the fund if there is a residual balance.

To know more about petty cash fund, visit:

brainly.com/question/29671797

#SPJ1

6 0
1 year ago
Driving skills are a basic qualification of
Semmy [17]

Answer: The answer is B mail carriers

Explanation:

5 0
3 years ago
Read 2 more answers
I'll give you brainiest please help me.
mars1129 [50]
Being involved in extracurricular activities can help you stand out on your college applications because it shows that you are skilled in more than 1 thing. Depending on the extracurricular you’re taking, you could be very good at strategic and critical thinking. This could be helpful in your future. Colleges do what the best of the best. Being involved in extracurricular activities also can show that you can take on more than 1 task. A lot of people can’t multitask or have a short attention span. This could be really good.


2. If I could create my own club or organization it would be one that explores individuals talents. Not a lot of people are sure what they want to be when they get older and I’d like to help them with that. Not any skills to be exact. The requirements would be to be serious about this, having manners, self-control, bring able to know what to respond to and what not, getting help instead of taking things into their own hands, and good listening.

3. Yes. You could use my first response as the answer to this question. There’s too many reason why getting into extracurricular activities is beneficial to getting the career of your dreams.9
6 0
2 years ago
Read 2 more answers
Describe at least three ways you will implement your project to soften the impact of the issue on the community
brilliants [131]
We can enumerate three ways on how we can implement the project that would soften the impact of the issue on the community. These three ways are enumerated below:
1. Understand the talent of the youth and discuss the proposed project that would help to their development. The benefit of this project is to divert the attention of the youth into a healthy lifestyle instead of being attractive into illegal drugs which are very common nowadays.
2. Discuss the projects by giving them the all the options that would benefit them rather than creating damage to their livelihood. Organize meetings and open forum.
3. Introduce to them the health impact of the project.
8 0
3 years ago
Other questions:
  • If you need a home loan or a small business loan, you’ll talk to:
    8·2 answers
  • A fast-food restaurant serves hamburgers, cheeseburgers, and chicken sandwiches. The restaurant counts a cheeseburger as equival
    15·1 answer
  • Which of the following is a feature of online professional networking groups such as LinkedIn, Ecademy, and Plaxo? a)job certifi
    13·2 answers
  • Central planning is a key characteristic of which economic​ system?
    13·2 answers
  • Match each scenario with its effect on the PPC.
    9·1 answer
  • Assume the indirect method is used to compute cash flows from operations. For each item listed below, indicate the effect on net
    14·1 answer
  • The journal entry to record a note received from a customer to replace an account is A. debit Notes Receivable credit Accounts R
    5·1 answer
  • After teaching a class on game theory. your instructor announces that if every student fails to post on the last discussion boar
    8·1 answer
  • Nori is writing an essay to analyze an advertisement for a piece of athletic equipment. What elements should he include in order
    7·2 answers
  • How do you poop it out
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!