Answer:
A)grow = 6.33%
Nxt year dividends(rounded to nearest cent): $4.31
B) The firm receives 93% (1 - flotation cost) of the market value of the shares so It receives the 42.06 per share
C) stock return 15.86%
D) required rate of return (with flotation): 16.57%
Explanation:
<u>We solve for the constant grow rate:</u>
![grow= \sqrt[5]{4.05/2.98} -1](https://tex.z-dn.net/?f=%20grow%3D%20%5Csqrt%5B5%5D%7B4.05%2F2.98%7D%20-1)
grow= 0.063280262
<u>Dividends for the sixth year:</u>
4.05 x (1.0633) = 4,306365
42.06 / (1 - flotation cost) = 45.23
flotation cost = 1 - 42.06 / 45.23 = 0.07 = 7%
rate of return without flotation:
4.31/45.23 + 0.0633 = 0.158590736 = 15.86%
solving for return considering the existence of flotation cost:
D1 4.31
P 45.23
f 0.07
g 0.0633
Ke 0.165763157 = 16.57%
Answer:
The $900,000 should be capitalized in the government-wide statements
Explanation:
The amount which is to be capitalized in the financial statement should be an asset or an expense that is not showing in an income statement.
In the given question, the construction cost of a new storage facility is $900,000 plus it has $25,000 interest on short term notes.
So, $900,000 should be capitalized, and $25,000 would not be capitalized because it is of short term period which is shown in the income statement.
Answer:
The American Recovery and Reinvestment Act of 2009 (Recovery Act) - which President Obama signed into law on February 17th, 2009 - was an unprecedented action to stimulate the economy. It included measures to modernize our nation's energy and communication infrastructure and enhance energy independence.
Explanation:
What do you mean by thta like polo true relegion like what
