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]
3 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]3 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
Barry is a farmer who sells his farm produce to top who is the broker for the agriculture industry burying time often agree on a
fredd [130]
I am guessing it could be secondary market.

5 0
3 years ago
from a marginal analysis perspective, what is the inventory carry cost for andrews if the company carries one additional unit of
ryzh [129]

Inventory carrying cost means total expenses incurred while storing an unsold good.

<h3>What is Inventory carry cost?</h3>

Basically, an Inventory carry cost means the total holding cost for holding an inventory which includes the cost of capital, warehousing, depreciation, insurance, taxation, obsolescence, opportunity cost.

In other word, the Inventory carrying cost means the total expenses incurred while storing an unsold good.

Read more about Inventory carrying cost

<em>brainly.com/question/25817334</em>

6 0
2 years ago
Ronald runs a small furniture making business. He wants to advertise his business. However, he cannot afford to spend a lot of m
stira [4]

Answer:

I am unsure of this answer

Explanation:

yes

8 0
2 years ago
If other things are held constant, an increase in unites states imports will
tangare [24]
<span>If other things are held constant, an increase in Unites States imports will make the dollar less valuable and other countries dollar will rise. There needs to be a balance between imports and exports for the United States to stay afloat. An influx of imports would make the United States reliant on foreign products and would raise the foreign countries value. This is why it is import for domestic products to sell and keep revenue inside the country.</span>
5 0
3 years ago
PLEASE HELP ASAP!! (Image is attached)
andrezito [222]
The answer is B. Income taxes are progressive
4 0
3 years ago
Other questions:
  • Another reason fueling the boom in fast-growing technology services is _____, which, when done right, can virally spread awarene
    15·1 answer
  • A discount on bonds should be reported in the balance sheet:________.
    13·1 answer
  • A supply curve shows quantities supplied at various prices. It also shows the
    13·1 answer
  • QUESTION 20 Zhang Industries sells a product for $700. Unit sales for May were 400 and each month's sales are expected to exceed
    15·1 answer
  • Suppose Germany produces only smartphones and tablets. The resources that are used in the production of these two goods are not
    9·1 answer
  • Question:
    9·1 answer
  • Grey, Inc., uses a predetermined rate to apply overhead. At the beginning of the year, Grey budgeted its overhead costs at $220,
    15·1 answer
  • Unclearninglab.litmos.com
    15·1 answer
  • 14-2B (Issuance and Retirement of Bonds) StarCenter Co. Is building a new music arena at a cost of $5,600,000. It received a dow
    12·1 answer
  • you are appointed to head a special project team with a two-week deadline. you need to be efficient and timely. which leadership
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!