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irakobra [83]
3 years ago
8

Smiling Elephant, Inc., has an issue of preferred stock outstanding that pays a $5.90 dividend every year, in perpetuity. If thi

s issue currently sells for $80.55 per share, what is the required return
Business
1 answer:
igomit [66]3 years ago
4 0

Answer:

The required return is 7.32%

Explanation:

In order to calculate the required return we would have to calculate the following formula:

Required return= annual dividend/current price

According to the given we have the following:

annual dividend=$5.90 dividend

current price =$80.55 per share

Therefore, Required return=$5.90/$80.55

Required return=7.32%

The required return is 7.32%

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Calculate the value of a bond that matures in 16 years and has a $ 1 comma 000 par value. The annual coupon interest rate is 13
spayn [35]

Answer:

$1,069.74

Explanation:

We use the present value formula which is shown in the attachment below:

Data provided in the question

Future value = $1,000

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PMT = $1,000 × 13% = $130

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

So, after solving this, the value of the bond is $1,069.74

7 0
3 years ago
Is it possible to make homogeneous shopping product into a heterogeneous shopping product? think about flat-panel televisions an
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3 years ago
Suppose that a country has no public debt in year 1 but experiences a budget deficit of $20 billion in year 2, a budget deficit
klemol [59]

Answer:

1) this country's public debt = $42 billion

2) incomplete question

Explanation:

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