A reduction in retained earnings of $2,950,000.
$37(500,000 x .14) = &2,590,000
The special tax was called J<span>izya.</span>
The answer is c
i hope that helped
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being said about a company, individual, product, or brand; Negative comments
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unknown brand flaws is Social media monitoring. </span>
Answer:
Price of stock = $78.143
Explanation:
According to the dividend valuation model , the current price of a stock is the present value of the expected future dividends discounted at the required rate of return.
So we will discount the steams of dividend using the required rate of 11.0% as follows
Price of stock =3.15 × 1.11^(-1) +3.55× 1.11^(-2) +4.05 1.11^(3) +95× 1.11^(-3)
=78.143
Price of stock = $78.143