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
mylen [45]
3 years ago
13

Backford Company just paid a dividend yesterday of​ $2.25 per share. The​ company's stock is currently selling for​ $60 per​ sha

re, and the required rate of return on Backford Company stock is​ 16%. What is the growth rate expected for Backford Company dividends assuming constant​ growth? A.​9.89%B.​10.87%C.​11.81%D.​9.47%
Business
1 answer:
saveliy_v [14]3 years ago
3 0

Answer:

option c i.e. g=11.81%

Explanation:

growth can be obtained by using given relation:

rate\ of\  return = \frac{D(1+g)}{current\ price} +g

where

D IS DIVIDEND = 2.25

current price = $60

rate of return = 16%

16=  \frac{2.25(1+g)}{60} +g

0.16=  0.0375(1+g)+ g

g=11.81%

You might be interested in
Activity-based costing (ABC) systems ________. A. Unselected have the same cost allocation system as plantwide and departmental
atroni [7]

Answer:

D. have separate cost allocation rates for each activity identified by the company CORRECT

There will be activity cost pool which, will be distribute among the product using different cost driver like machien hours, direct labor hours or other.

Explanation:

A. have the same cost allocation system as plantwide and departmental cost allocation systems

NO If it was, then it would not have a different name

B. have no cost allocation rates for each activity identified by the company

If we don't have rates to distrubte cost then, the allocation will be arbitrary

C. have combined cost allocation rates for each activity identified by the company

each should have different base cost driver if not, then they aren't different and should be combined.

4 0
4 years ago
Comment on the degree to which a market economy establishes liberty for individuals. Using ideas from the Circular Flow Model, w
fenix001 [56]

Answer: I dont know how to solve it i'm sorry -_-

Explanation:

6 0
3 years ago
The facility of payment clause:
Cerrena [4.2K]

Answer:

The answer is a. States benefits are payable to an individual who is related to the deceased insured by blood or marriage

Explanation:

A facility of payment clause is a provision in life insurance that allows the insurance company to choose the beneficiary or give part of the proceeds to someone other than the beneficiary. The company may have the choice of giving the entire death benefit to a relative of the insured, for instance, after his or her death because the official beneficiary is a minor or is also deceased.

5 0
4 years ago
Trux Inc. is a Wisconsin-based manufacturer of engineered wood building products such as beams and panels. They source wood from
ipn [44]

Answer:

Stakeholder

Explanation:

The stakeholder refers to the person who has an interest in the company performance except for stock related. It could be employees, suppliers, customers, etc

In the given situation, since it is mentioned that the Trux inc building the products like beams and panels and they take it from a local supplier and sold to a customer so here local supplier is the stakeholder

7 0
3 years ago
Which artistic creation was helpful in spreading design ideas throughout the Islamic world? A. calligraphy B. ceramics C. rugs
White raven [17]

Answer:

c for plato users

6 0
4 years ago
Other questions:
  • A firm has arranged a ten-year lease, at an annual rent of $8,000. The first rental payment has to be paid immediately, and the
    5·1 answer
  • A researcher is conducting an experiment in which one group of people is exposed to an advertisementand another group is exposed
    13·1 answer
  • In france, fine dressmaking and tailoring have been a tradition predating queen marie antoinette. cloth manufacturers, design sc
    5·1 answer
  • Florida groves has a $380,000 bond issue outstanding that is selling at 97.4 percent of face value. The firm also has 2600 share
    10·1 answer
  • At the beginning of last year (2019), Richter Condos installed a mechanized elevator for its tenants. The owner of the company,
    9·1 answer
  • The company employs a single employee who works all five weekdays and is paid on the following Monday. The employee works the en
    9·1 answer
  • Neil, a digital painter at an animation company, is given a monthly target of 15 projects. He completes 10 or 20 projects a mont
    13·2 answers
  • Marston acquired assets for $100,000. At the end of year 3, the assets had accumulated depreciation of $40,000. An impairment lo
    9·1 answer
  • What is the maximum amount a firm should pay for a project that will return $15,000 annually for 5 years if the opportunity cost
    12·1 answer
  • quizlet fairwell lending must seek the court’s permission to foreclose on a property used as collateral for a loan that is in de
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!