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ExtremeBDS [4]
3 years ago
8

Morris Companies has an issue of preferred stock outstanding that pays a $7.75 dividend every year in perpetuity. What is the re

quired return if this issue currently sells for $68.19 per share?
Business
1 answer:
ahrayia [7]3 years ago
8 0

Answer:

The correct answer is 11.37%.

Explanation:

According to the scenario, the computation of the given data are as follows:

Current price = $68.19

Annual dividend = $7.75

So, we can calculate the required return by using following formula:

Required return = Annual dividend ÷ Current price

By putting the value, we get

Required return = $7.75 ÷ $68.19

= 11.37% (Approx).

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Companies under ____ market structures are interdependent. _____ is a secret agreement among companies that may result from this
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3 years ago
Operating cash flow is defined as:A. a firm's net profit over a specified period of time.B. the cash that a firm generates from
mina [271]

Answer:

B. the cash that a firm generates from its normal business activities using its existing assets

Explanation:

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3 0
3 years ago
Eugene agrees to finish painting Hazel’s house within two weeks of the time they agree to in the contract. A week in, Eugene rea
Yanka [14]

Answer:

Yes, Hazel needs to pay extra $700

Explanation:

As per pre-existing duty rule, a person is obligated to perform his duty at the consideration agreed upon initially. Any modification to the contract is void.

Exceptions to this rule:

  • As per new contract, if the person undertaking his duty hires another person to perform the work so as to complete it in time, then modifications are valid and enforceable.
  • Modifications are valid in case of unforeseen contingencies like war, recession, change in economic conditions and strikes.

In this case, Hazel agreed to pay $700 extra. Under pre-existing duty rule, she is not required to pay Eugene extra $700 but since Eugene took additional help exception to the rule applies and Hazel is obligated to pay $700 extra.

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Goals drive business communication. People inside and outside of an organization must be informed of the rules, regulations, and policies of that organization. Business communication is governed by a set of standards and guidelines. Early corporate communication was restricted to written correspondence, telephone calls, etc. However, with the advancement of technology, we now have satellite communication, cell phones, video conferencing, emails, and more to facilitate corporate communication. Effective business communication contributes to an organization's reputation-building efforts.

Any firm depends on its customers. You may maintain effective contact with your consumers and create enduring relationships if you work on developing excellent interpersonal skills.

Customers who are satisfied will promote your company. They advertise and endorse your company. They are, however, also more understanding when things don't go as planned.

Learn more about effective communication here

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8 0
1 year ago
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