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
o-na [289]
3 years ago
10

Glendale Paving currently has 120,000 shares of stock outstanding that sell for $54 per share. Assume no market imperfections or

tax effects exist. What will the new share price be if the firm declares a 40 percent stock dividend
Business
1 answer:
emmasim [6.3K]3 years ago
5 0

Answer:

The new price will be $38.57.

Explanation:

The initial price of 120,000 outstanding shares is $54.

There are no market imperfections or taxes.

The firm declares a dividend of 40%.

The new share price will be

= Initial\ price\times(\frac{1}{1+ dividend} )

= 54\times(\frac{1}{1+0.4} )

= 54\times\frac{1}{1.4}

= 54\times0.71

= $38.57

You might be interested in
An agent made written disclosure to his employing broker-dealer that he intends to execute a series of private securities transa
choli [55]

Answer:

C) is guilty of selling away

Explanation:

In the case when the securities are sold so the agents are prohibited from the transactions that are not recorded in the books of broker-dealer until there are authorized transactions in writing via the broker- dealer before to execution. If this cannot be happen so we called it as selling away

also the notification receipt would not be similar as the authorization

Therefore the option c is correct

3 0
3 years ago
Storico Co. just paid a dividend of $3.15 per share. The company will increase its dividend by 20 percent next year and then red
ololo11 [35]

Answer:

The price of the stock today or the price at which the stock should sell today is $61.30

Explanation:

The price of the stock today can be calculated using the Dividend Discount Model approach which values a stock based on the present value of the expected future dividends from the stock. The price of this stock will be,

P0 = 3.15 * (1+0.2) / (1+0.12)  +  3.15  * (1+0.2) * (1+0.15)  /  (1+0.12)^2  +  

3.15 * (1+0.2) * (1+0.15) * (1+0.1) / (1+0.12)^3  +  

[(3.15 * (1+0.2) * (1+0.15) * (1+0.1) * (1+0.05) / (0.12 - 0.05))  / (1+0.12)^3]

P0 = $61.296 rounded off to $61.30

5 0
3 years ago
Which career professionals would typically work in their own private office?
frosja888 [35]

Its actually <em><u>A) Office Managers and Human Resource workers</u></em>

6 0
3 years ago
Read 2 more answers
The use of simulation to create an aggregate plan:
12345 [234]

Answer:

Answer is option b i.e. will produce a plan that may not be the best plan.

Explanation:

Simulation is the technique used to create an artificial environment that is similar to the real-life situation to study various problems and how to tackle them. However, it is not the full proof plan which means it is based on certain probability and chances that a certain situation might arise. Many times situations are not as planned and here we cannot solely depend on the solution that we have learned during the simulation process. Therefore, the simulation will provide us with a plan that may or may not be the best plan.

6 0
3 years ago
International organizations prefer to rely on Blank______ for measuring the value produced in an economy.
Ilia_Sergeevich [38]

Answer:

I thinks it's gross national income

Explanation:

I am guessing

3 0
2 years ago
Other questions:
  • Consider the figures below and determine which is the best description of what causes the shift from ad1 ad1 to ad2 ad2.
    12·1 answer
  • Last year the price of corn was $3 a bushel and the quantity of corn demanded was 10 million bushels. this year the price of cor
    8·1 answer
  • 2. If the public expects a corporation to lose $5 a share this quarter and it actually loses $4, which is still the largest loss
    11·1 answer
  • What is the difference between regular potato salad and Amish potato salad
    10·1 answer
  • Which of the following is a likely result of a lack of accountability?
    9·1 answer
  • Can debit collectors call you anytime and what hours are they able to call you on the phone ? please help :) i’ll give brainlest
    9·1 answer
  • Which of these is an example of innovation?
    5·1 answer
  • Determine Cost of Land Four Corners Delivery Company acquired an adjacent lot to construct a new warehouse, paying $32,000 and g
    9·1 answer
  • The doctrine that allows for a more flexible use of copyrighted material such as for educational purposes is known as _____.
    14·1 answer
  • Research that provides detailed verbal or visual information about consumers feelings is _______ data.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!