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
Natali [406]
4 years ago
5

Hi-Tek plans to pay a $6 per share dividend one year from today, and will increase the dividend by 4 percent per year forever. W

hat is the current share price if the required return on this stock is 16 percent
Business
1 answer:
Lunna [17]4 years ago
5 0

Answer:

The current share price if the required return on this stock is 16 percent is $50.

Explanation:

price = dividend next year /(required rate of return - growth rate)

         = 6/(16% - 4%)

         = 50

Therefore, The current share price if the required return on this stock is 16 percent is $50.

You might be interested in
PlZ HELP!!!
Luden [163]

Answer:

B.  telemarketing

Explanation:

In the telemarketing, the company or an individual is directly in contact with its customer with respect to the product over the phone call so that they could aware of the product

In this, the face to face interaction is not done

Therefore as per the given situation, the option B is correct as in this met the criteria.

5 0
3 years ago
Read 2 more answers
Joseph Turner and Sons has 125,000 shares of stock outstanding. The firm has extra cash so it announced this morning that it is
Lunna [17]

Answer:

D. Tender offer

Explanation:

A. Rights offer

B. Secondary issue

C. Targeted repurchase

D. Tender offer

E. Private issue

We are informed about Joseph Turner and Sons who has 125,000 shares of stock outstanding. The firm has extra cash so it announced this morning that it is willing to repurchase 25,000 of its shares. In this case the type of offer is the firm making is tender offer. Tender offer can be regarded as a kind of public takeover bid to all shareholders, so that they can sell out their shares at a specific price during a particular time.

It is usually made public, and this time the investors do give out higher price per share compare to the stock price of the company, which give room to shareholders in selling their own share.

5 0
3 years ago
Determine the due date and the amount of interest due at maturity on the following notes:
bekas [8.4K]
I think the answer is c. july 3rd !
6 0
2 years ago
Read 2 more answers
Renee invested $2,000 six years ago at 4.5 percent interest. She spends her earnings as soon as she earns any interest so she on
tiny-mole [99]

Answer:

C. Simple interest.

Explanation:

Simple interest is money earned by depositing some amount of money in a bank account or an investment account. The amount gained in the simple interest results from the money deposited only (the principal amount). Simple interest earns a constant amount for the entire period of savings or investment as long as the interest rate and the principal amount remain unchanged.

Simple interest is unlike compound interest. In compound interest, the interest earned in a period is added the deposit to make a larger principal amount. Renee is earning simple interest because her earnings are from the principal amount only. Since she is withdrawing her interests as they are earned, meaning her deposits remain the same. She is not allowing her earnings to be compounded with the principal amount to generate more earnings.

7 0
3 years ago
A health inspector wants to check compliance with a new city ordinance on meat storage. since he can only inspect 10 of the 33 s
tigry1 [53]

BBBBBBBBBBBBBBBBBBBBBBBBBBB

7 0
4 years ago
Other questions:
  • N assembly plant that decided to take over retail distribution of its products from its former distributor would be pursuing for
    14·1 answer
  • Hyatt's management program lasts about how long? O A. Two to three months B. Six to eighteen months C. Two to four years D. Five
    14·1 answer
  • What prevents farquars in no witchcraft for sale from seeing gideon as an intelligent and capable adult?
    9·1 answer
  • Which are examples of normative goals? Check all that apply.
    7·2 answers
  • A government makes a contribution to its pension plan in the amount of $10,000 for year 1. The actuarially-determined annual req
    12·1 answer
  • The difference between zero accounting profit and zero economic profit is that
    7·1 answer
  • Flounder Corporation had pretax financial income of $185,000 and taxable income of $117,000. The difference is due to the use of
    8·1 answer
  • Imagine that you want to buy a limited edition book for $100, the publisher decides that consumers won't buy the book at a price
    7·2 answers
  • A simple trust has ordinary income of $56,000, a long-term capital gain of $20,000 (allocable to corpus), and a trustee commissi
    14·1 answer
  • bob mills furniture aims to improve the lives of many people. the mission statement could have focused on affordable furniture (
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!