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GuDViN [60]
3 years ago
6

Caspian Sea is considering raising $33.00 million by issuing preferred stock. They believe the market will use a discount rate o

f 11.87% to value the preferred stock which will pay a dividend of $3.23. How many shares will they need to issue
Business
1 answer:
Hitman42 [59]3 years ago
3 0

Answer:

1,212,723 shares

Explanation:

Given that,

Value of issuing preferred stock = $33,000,000

Discount rate = 11.87%

Dividend paid = $3.23

Price of preferred stock:

= Annual dividend ÷ discount rate

= $3.23 ÷ 0.1187

= $27.2115

Shares will they need to issue:

= Value of issuing preferred stock ÷ Price of preferred stock

= $33,000,000 ÷ $27.2115

= 1,212,723

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Luba_88 [7]

Answer:

commodity are the goods and services sold to consumers

8 0
3 years ago
Consider a U.S. importer desiring to purchase merchandise from a Dutch exporter invoiced in euros, at a cost of €512,100. The U.
Anestetic [448]

Answer:

The importer accepts this price, so his bank will debit the importer's account in the amount of $500,000.

A. debit, $500,000

Explanation:

Bank debit is a bookkeeping term for realization of the reduction of deposits held by bank customers. A bank debit occurs when a bank customer uses the funds in their account, therefore reducing their account balance.

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7 0
3 years ago
On January 1, a machine with a useful life of five years and a residual value of $5,000 was purchased for $25,000. What is the d
emmasim [6.3K]

Answer:

c. $4,000

Explanation:

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In this method, the depreciation is same for all the remaining useful life i.e $4,000 is charged for remaining three years

7 0
3 years ago
Mary buys a new toaster for $500. the toaster's label bears a disclaimer stating that the manufacturer is not liable for consequ
Damm [24]

Answer:

The answer is<u> "$500".</u>

Explanation:

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5 0
3 years ago
Which workers are required to handle money as part of their job qualifications?
melamori03 [73]
A
A lot of Money in that business
4 0
3 years ago
Read 2 more answers
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