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
Sunny_sXe [5.5K]
2 years ago
10

A stock sells for $12.36 a share and has a required return of 9 percent. Dividends are paid annually and increase at a constant

3 percent per year. What is the amount of the last dividend paid?
Business
1 answer:
jenyasd209 [6]2 years ago
7 0

Answer:

$0.72

Explanation:

The computation of the amount of the last dividend paid is shown below:

Market price of a stock = Last dividend × (1 + growth rate) ÷ Required  rate of return - growth rate

$12.36 = Last dividend × ( 1 + 0.03) ÷ 0.09 - 0.03

$12.36 = Last dividend × (1.03) ÷ 0.06

$12.36 × 0.06 = 1.03 × last dividend

$0.7416 = 1.03 × last dividend

So,

last dividend is

= $0.7416 ÷ 1.03

= $0.72

You might be interested in
True or False
Ilya [14]
False lolllll I have to write more
6 0
2 years ago
Bezakan tiga ciri antara Tarif dengan kuota
jek_recluse [69]

Itulah perbezaan antara tarif dan kuota.

Maaf lah bila tak saya tulis kat sini, sebab tak boleh hantar jawaban.

<em>Semoga </em><em>membantu </em><em>dan </em><em>bermanfaat </em><em>:</em><em>)</em>

3 0
3 years ago
What is meant by management being multidimensional​
REY [17]

Answer:

In a multidimensional organization, the firm uses different criteria on several levels, reported at the same time, to track its performance.

Explanation:

Managers in a multidimensional organization have common goals. The management process prioritizes decision making

7 0
3 years ago
Read 2 more answers
Who Is The Richest Man In Togo 2020?
denis-greek [22]

Answer:

Kofi aka Da Flex

Explanation:

Not sure but i think this might be the answer

6 0
3 years ago
Read 2 more answers
How important are signs.symbols and designs in relation to carpentry?if you do not have access to internal.you may answer based
Anastaziya [24]

Answer:

Symbols—such as gestures, signs, objects, signals, and words—help people understand that world. They provide clues to understanding experiences by conveying recognizable meanings that are shared by societies.

Explanation:

<h2>I HOPE IT HELPS PO...☺️☺️☺️</h2>
6 0
2 years ago
Other questions:
  • Hammerstein Corporation offers a variety of share-based compensation plans to employees. Under its restricted stock award plan,
    8·1 answer
  • If the pound sterling appreciates against the U.S. dollar, England buys _____ U.S. goods, causing the U.S. aggregate demand curv
    13·1 answer
  • Keynesian economics focuses on explaining why recessions and depressions occur, as well as offering a ______________________ for
    11·1 answer
  • In 2017 Wilkinson Company had net credit sales of $2250000. On January 1, 2017, Allowance for Doubtful Accounts had a credit bal
    8·1 answer
  • King Costume started the month with 8 masks in its beginning inventory that cost $10 each. During the month, King Costume purcha
    15·1 answer
  • Jose visited a garage sale and found a baseball card collection which he believed was worth over $1,000. he bought the collectio
    11·1 answer
  • Mishaps are normally caused by a series of conditions within a chain-of-events that set the stage for an active failure.
    11·2 answers
  • The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2016 and 2017.
    10·1 answer
  • Consider the relative liquidity of the following assets:
    8·1 answer
  • Eric wants to invest in government securities that promise to pay $1,000 at maturity. The opportunity cost (interest rate) of ho
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!