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Semmy [17]
3 years ago
12

The stock in Up-Towne Movers is selling for $46.00 per share. Investors have a required return of 11.1 percent and expect the di

vidends to grow at 4.3 percent indefinitely. What was the dividend the company just paid
Business
1 answer:
Dimas [21]3 years ago
8 0

Answer:

From the calculation below Up-Towne Movers just paid a dividend of $3.13

Explanation:

The price of share=D1/r-g

The Do is the dividend just paid which is the unknown in the equation

g is the dividend growth rate of 4.3%

r is the required return of 11.1%

The share price is $46.00

$46=Do/(11.1%-4.3%)

46=Do/0.068

by cross-multiplication the equation becomes

$46*0.068 =Do

Do=$46*0.068

Do=$3.13

The dividend just paid by Up-Towne Movers is $3.13 as calculated above from the share price equation

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At a price of $100, Beachside Canoe Rentals rented 11 canoes. When it increased its rental price to $125, 9 canoes were rented.
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C) 0.9.

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= {(9 - 11) ÷ (9 + 11) ÷ 2}  ÷  {($125 - $100) ÷ ($125 + $100) ÷ 2 }

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