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Usimov [2.4K]
3 years ago
6

You expect KT industries​ (KTI) will have earnings per share of $ 6 this year and expect that they will pay out $ 2.25 of these

earnings to shareholders in the form of a dividend. ​ KTI's return on new investments is 13​% and their equity cost of capital is 15​%. The value of a share of​ KTI's stock is closest​ to:
Business
1 answer:
snow_lady [41]3 years ago
7 0

Answer:

Value of a share = $15

Explanation:

<em>According to the </em><u><em>dividend valuation model</em></u><em>, the value of a share is the present value of expected dividend discounted at the required rate of return. </em>

This model is expressed in the formula below;

Value of a share = D/Ke

D- dividend payable in year one

Ke- cost of equity

Value of a share = 2.25/0.15

Value of a share = $15

Value of a share = $15

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To reduce traffic, market town enacts an ordinance that allows only a few specific street vendors to operate in certain areas. a
pickupchik [31]

To reduce traffic, market town enacts an ordinance that permits only a few specific street vendors to function in certain areas. a court would likely review this ordinance under the principles equal protection.

<h3>What is principle equal protection?</h3>

The concept of equal protection states that no one should be denied the same level of protection from a government's laws. A person must be treated equally by the state's governing authority to others who are in comparable situations. Advocates have used the Equal Protection Clause, which mandates that states treat their residents equally, to challenge discriminatory laws, policies, and governmental acts.

Equal protection compels a state to govern impartially rather than making distinctions between people based purely on characteristics that are unrelated to a justifiable governmental goal. Therefore, the equal protection provision is essential for upholding civil rights. The goal of equal protection was to compel states to govern impartially and refrain from making disparities between people based on features that are immaterial to achieving governmental goals. In order to guarantee civil rights, the equal protection provision was essential.

Hence,  To reduce traffic, market town enacts an ordinance that permits only a few specific street vendors to function in certain areas. a court would likely review this ordinance under the principles equal protection.

To learn more about principle equal protection refer to:

brainly.com/question/1600110

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8 0
2 years ago
According to Sullivan, which of the following happens in stressful situations?
barxatty [35]
The correct answer is b
6 0
3 years ago
Read 2 more answers
A(n) _____ is used to move out of one currency and into another for a limited period without incurring foreign exchange risk.
AveGali [126]

Answer:

Currency swap.

Explanation:

A currency swap is an agreement or a contract between the two parties. Involves the exchange of interest and sometimes of principal in one currency for the same in another currency. Interest payments are exchanged at fixed dates through the life of the contract.

It is considered to be a foreign exchange transaction and is not required by law to be shown on a company's balance sheet. Two parties exchange principal amount and interest that incur in different currencies. The dual purpose of a currency swap is to hedge exposure to exchange rate risk, or helps reduce the cost of borrowing a foreign currency.

5 0
3 years ago
The Molding Department of Oriole Company has the following production data: beginning work process 39600 units (60% complete), s
Marta_Voda [28]

Answer:

Total equivalent units  720,240  units

Explanation:

<em>Equivalent Units E.U) are notional whole units which represent incomplete work and are used to apportion costs between between work in progress and completed work.</em>

Equivalent Units = Degree of completion (%) × units

Under the weighted average method of valuation, to account for completed units, it is assumed that the entire degree of work required is done in the period under consideration. So there is no separation of the completed units into opening inventory and fully worked.

so we assumed that the 688,000 units were started and  completed in the same period .

Item                                   unit                                     Equivalent unit

Completed and trans.   688,000    688,000× 100% = 688,000

Closing WIP                    85,600    85,600 ×  40%  =   <u>34,240 </u>

Total equivalent unit                                                       <u> 720,240 </u>

                                         

4 0
3 years ago
The_______is an independent, non-partisan office governed by a Board comprised of private citizens The that provides more public
melomori [17]

Answer:

D) Office of Congressional Ethics

Explanation:

The US-founded Office of Congressional ethics (OCE). A non-partisan, impartial and independent body tasked in March 2008 with investigating and, where applicable, referring matters to the United States House Committee on Ethics on the accusations concerning wrongdoing against both the Members of the House of Representatives and their staff.

4 0
3 years ago
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