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
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

You might be interested in
In an assembly operation at a furniture factory, six employees assembled an average of 450 standard dining chairs per 5-day week
BaLLatris [955]
I believe the answer would be C.
 Because you are dividing the dining chairs by the number of workers... That would give you the total amount of chairs that each worker assembled. Then you divide that by the 5 days and you would get the number of chairs that each worker assembled each day.

So, the answer would be C

  
7 0
3 years ago
Read 2 more answers
Moral entrepreneurs people who wage moral crusades to control criminal law are a part of which view of crime?​
Sindrei [870]
Moral entrepreneurs people who wage moral crusades to control criminal law so that it reflects their own personal values. Criminals are driven by unconscious thought patterns, developed in early childhood, that control <span>behaviors over the life course.</span>
4 0
3 years ago
If the last data point in this chart is the accumulated total (1258), what will you do to set up the chart properly?
KATRIN_1 [288]

Right click the last data point and select "Set as Total"

<h3>What is accumulated total?</h3>

A running total stands for the summation of a sequence of numbers that exists updated each time a new number stands added to the sequence, by adding the value of the new number to the prior running total. Another term for it exists as a partial sum. The objectives of a running total exist twofold. Accumulated value, also directed to as accumulated amount or cash value, exists computed as the sum or total of the initial investment, plus interest earned to date.

A chart exists as a graphical representation for data visualization, in which "the data is described by symbols, such as lines in a bar chart, lines in a line chart, or slices in a pie chart". A chart can illustrate tabular numeric data, functions, or some types of quality structure and provides various info.

Right click the last data point and select "Set as Total".

To learn more about accumulated total refer to:

brainly.com/question/13131255

#SPJ4

5 0
2 years ago
The process of planning and managing a firm’s long-term assets is called:______.
Leona [35]
C is the correct answer
4 0
3 years ago
Pigot Corporation uses job costing and has two production departments, M and A. Budgeted manufacturing costs for the year are as
tensa zangetsu [6.8K]

Answer:

Department M

Manufacturing overhead rate = $600,000/200,000 hrs = $3/hr

Department A

Manufacturing overhead rate = $400,000/800,000 hrs = $0.5/hr

Manufacturing overhead cost allocated:

Department M = $3 x 8,000      = $24,000

Department A  = $0.5 x 12,000 = $6,000

Total manufacturing cost allocated = $30,000

Explanation:

This relates to overhead absorption. The manufacturing overhead rate is calculated as budgeted manufacturing overhead divided by budgeted direct labour hour.

Manufacturing overhead allocated = manufacturing overhead rate x actual labour hour for each department for the job.

6 0
4 years ago
Other questions:
  • The​ ________ section of the statement of cash flows includes increases and decreases in​ long-term assets.
    14·1 answer
  • On March 31, 2021, Canseco Plumbing Fixtures purchased equipment for $56,000. Residual value at the end of an estimated four-yea
    6·1 answer
  • Because of the high volume of bicycles as a common form of transportation in Beijing and Shanghai, Charles wants to sell his bic
    9·1 answer
  • This law prohibits employment discrimination based on race, color, religion, gender, or national origin.
    12·1 answer
  • Structural unemployment Multiple Choice is also known as frictional unemployment. is the main component of cyclical unemployment
    12·1 answer
  • Because tacit knowledge is so difficult to communicate, _______ might be the single best way to acquire it. Select one: a. writt
    5·1 answer
  • Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 24 percent for the next three years, with the growth
    7·1 answer
  • Sara works at a printing company. She and her colleagues have to stagger
    10·2 answers
  • The following transactions occurred during July:
    9·1 answer
  • Which policy tools are considered automatic stabilizers?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!