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anygoal [31]
3 years ago
15

The common shares of the Hiboux Ltd have a book value of $21.60 and a market value of $28.60. The company pays $0.28 in dividend

s each quarter. What is the dividend yield? A. 1.0% B. 1.3% C. 3.9% D. 5.2%
Business
1 answer:
Kay [80]3 years ago
8 0

Answer: Option (c) is correct.

Explanation:

Shares book value = $21.60

market value = $28.60

Pays dividend in each quarter = $0.28

Annual dividend = Dividend in each quarter × 4

= $0.28 × 4 ⇒ $1.12

Therefore,

Dividend yield = \frac{Annual\ Dividend}{Current\ Price}

= \frac{1.12}{28.60}

= 3.9% (approx.)

Hence, dividend yield is 3.9%.

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Brown Fashions Inc.'s December 31, 2018 balance sheet showed total common equity of $4,050,000 and 265,000 shares of stock outst
PIT_PIT [208]

Answer: $16.60

Explanation:

The following information can be gotten from the question:

Total common equity = $4,050,000 Shares of stock outstanding = 265,000

Net Income = $450,000

Dividends = $100,000

Based on the information given, the book value per share will be calculated as:

(Total common equity + Net income - Dividends) / Outstanding shares

= ($4,050,000 + $450,000 - $100,000) / 265,000

= $4,400,000 / 265,000

= $16.60

6 0
2 years ago
Which of the following is a way for college students to watch their favorite tv shows without spending a lot of money
Delvig [45]
Watch online you watch tv for free youtube,hulu,netflix
4 0
3 years ago
Read 2 more answers
SuperGroup has expressed the intention to begin selling in other countries, including China, while still protecting its Superdry
Paul [167]

Answer:

Marketing and sales segment.

Explanation:

  • A values chain consists of actions that a firm functioning in a public industry that performs in order to deliver a valuable product to the market.
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5 0
2 years ago
Certain types of contracts must be in writing pursuant to the statute of​ _____.
marta [7]

Certain types of contracts must be in writing pursuant to the statute of​ "frauds".


A state statute that necessitates certain kinds of agreements to be written, expected to guarantee that terms of imperative contracts are not overlooked, misconstrued, or fabricated, reason for this is to smother misrepresentation, fraudulent cases, some of the time envisioned in light of ensuing occasions or basically invoked.

5 0
2 years ago
Assume that the hourly cost to operate a commercial airplane follows the normal distribution with a mean of $5,793 per hour and
AfilCa [17]

Answer:

x1 = 4891.294

Explanation:

given data

mean μ =  $5,793

standard deviation  σ =  $439

solution

we know here that

P(x < x1 ) = 0.02     .................1

so

P(\frac{x-\mu }{\sigma } < \frac{x1-\mu }{\sigma }) = 0.02

so

P(z < \frac{x1-\mu }{\sigma }) = 0.02

\frac{x1-\mu }{\sigma }  = invNorm(0.02)

so

x1 = μ + σ × invNorm(0.02)    .....................2

we use here table for invNorm(0.02) and put value in eq 2

x1 = 5793 + 439 × (-2.054 )

x1 = 4891.294

8 0
3 years ago
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