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Lorico [155]
3 years ago
5

Taggart Transcontinental pays no dividends, but spent $4 billion on share repurchases last year. Taggart's equity cost of capita

l is 13% and the amount spent on repurchases is expected to grow by 5% per year. Taggart currently has 2 billion shares outstandingA. $25.00
B. $12.50


C. $15.40


D. $20.00
Business
1 answer:
Andrej [43]3 years ago
4 0

This question is incomplete, the complete one was gotten from google.

Taggart Transcontinental pays no dividends, but spent $4 billion on share repurchases last year. Taggart's equity cost of capital is 13% and the amount spent on repurchases is expected to grow by 5% per year. Taggart currently has 2 billion shares outstanding.

Taggart's stock price is closest to:

A. $25.00

B. $12.50  

C. $15.40

D. $20.00

Answer:

Taggart Transcontinental pays no dividends, but spent $4 billion on share repurchases last year. Taggart's equity cost of capital is 13% and the amount spent on repurchases is expected to grow by 5% per year. Taggart currently has 2 billion shares outstanding.

Taggart's stock price is closest to $25 - option A.

Explanation:

Market capitalization = 4/ (0.13 -0.05)

                                   = 4/0.08

Market capitalization = 50

Price per share = 50/2 = $25

Therefore, Taggart's stock price is closest to $25 - option A.

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John has just paid off the full balance of his credit card. What happens to the
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3 years ago
Romona Company expects its November sales to be 20​% higher than its October sales of $ 240 comma 000. All sales are on credit a
kotykmax [81]

Answer:

The cash balance on November 30 amounts to $155,700

Explanation:

Cash balance on November 30 = Beginning balance + Collection of cash from October sales + Collection of cash from November sales - Payments for October Purchases - Payments for November Purchases

where

Beginning balance is $13,700

Collection of cash from October sales =  October Sales × % amount collected

                                                                = $240,000 × 70%

                                                                = $168,000

Collection of cash from November sales =  November Sales × % amount collected

                                                                = $240,000 × 1.20 × 25%

                                                                = $72,000

Payments for October Purchases = October Purchases × % amount paid

                                                        = $70,000 × 65%

                                                        = $45,500

Payments for November Purchases = November Purchases × % amount paid

                                                        = $150,000 × 35%

                                                        = $52,500

Putting the values in the above formula

Cash balance on November 30 = $13,700 + $168,000 + $72,000 - $45,500 - $52,500

= $155,700

4 0
2 years ago
If country A exports $10 billion worth of goods to country B and imports $8 billion worth of goods from country B, then country
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Answer:

b. $2 billion trade surplus with country B.

Explanation:

When a country exports more than it imports, it is said that the country has a trade surplus. On the other hand, when a country imports more than it exports, it is said that the country has a trade deficit.

In this case, exports to country B are worth $10 billion which are larger than the $8 billion of imports from country B. Country A's trade surplus is given by:

S = \$10-\$8\\S=\$2\ billion

Therefore, the answer is alternative b.

6 0
3 years ago
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