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VLD [36.1K]
3 years ago
12

8-12 Value of a Preferred Stock A preferred stock from Hecla Mining Co. (HLPRB) pays $3.50 in annual dividends. If the required

return on the preferred stock is 6.8 percent, what is the value of the stock
Business
1 answer:
Sphinxa [80]3 years ago
4 0

Answer:

Value of stock is $51.47

Explanation:

As the preferred dividend is paid by the constant amount or by predetermined rate there is no growth in this case. The price of preferred share is calculated by using perpetuity method.

Price of the stock = Dividend / rate of return

Price of the stock = $3.5 / 6.8%

Price of the stock = $3.5 / 0.068

Price of the stock = $51.47

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Answer:

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2 years ago
For any external resources that are used on the project, such as subcontractors, consultants, or vendors, the______ will define
Anastaziya [24]

Answer: project manager

     

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3 years ago
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Answer:

Eviyan's Performance Evaluation Report:

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3 years ago
In his presentation to his co-workers, Kyle encouraged his colleagues to reach their highest potential and take pride in their w
Contact [7]

Answer:

Self actualization need

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Maslow defined self-actualization to be "the desire for self-fulfillment, namely the tendency for an individual to become actualized in what he is <u>potentially</u>. This tendency might be phrased as the desire to become more and more what one is, to <u>become everything that one is capable of becoming</u>."  

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3 years ago
Suppose selected comparative statement data for the giant bookseller Barnes &amp; Noble are presented here. All balance sheet da
grandymaker [24]

Answer:

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Gross profit rate = gross profit / total sales = $1,716 / $5,200 = 33%

3 0
3 years ago
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