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
Helen [10]
3 years ago
7

The next dividend payment by Hot Wings, Inc., will be $4.25 per share. The dividends are anticipated to maintain a 3 percent gro

wth rate forever. Required:If the stock currently sells for $59 per share, what is the required return
Business
1 answer:
NARA [144]3 years ago
8 0

Answer:

10.20%

Explanation:

According to the Gordon constant growth model :

value = D1 / r - g

D1 = next dividend = $4.25

r = required return

g = growth rate = 3%

value = $59

$59 = $4.25 / r - 0.03

4.25 / 59 = r - 0.03

0.072034 = r - 0.03

r = 0.102034

r = 10.20%

You might be interested in
Douglas County sought bids for a construction project. Robert Taggart wanted to submit a bid but knew the project needed rock. H
Jet001 [13]

Answer:

No, there is no contract between the two parties because of withdrawal of offer (Revocation) before the acceptance of the other party.

Explanation:

When one party offers another party and after some time the offer maker withdraws the offer by communicating that they had revoked then the offer is no more available to the other party and is often termed as Revocation. So when the offer maker revokes before the acceptance of the offer by the other party then their is no offer at consideration to the other party, which means if there is no offer then their can not be an acceptance of an offer and of course when there is no acceptance then there is no contract.

The communication of revocation was held before the acceptance of the offer of the other party which agains says that the contract was not actually formed.

4 0
3 years ago
How does a trade deficit occur?
NeTakaya

Answer:

It is an economic condition that occurs when a country is importing more goods than it is exporting.

Explanation:

3 0
4 years ago
Read 2 more answers
eHarmony claims to be the world's most trusted online dating website. Its appeal is to satisfy consumers' __________ needs in th
777dan777 [17]

eHarmony claims to be the world's most trusted online dating website. Its appeal is to satisfy consumers' <u>love and belonging</u> needs in Maslow's hierarchy of needs.

<h3>What is Maslow's Hierarchy of Needs?</h3>

This refers to a pyramid develoed by Abraham Maslow that spells out the various kinds of needs of man in the order in which they are likely to be satisfied.

Other sections on the pyramid are:

  • Physiological needs
  • Safety needs
  • Self Esteem
  • Self-Actualization

See the link below for more about Abraham Maslow's Hierarchy of needs:

brainly.com/question/1785981

6 0
2 years ago
Match the following empires:
uranmaximum [27]

Answer:

1 ----> Matches with ----->C

2 ----> Matches with ----->D

3  ----> Matches with ----->B

4 ----> Matches with ----->A

Explanation:

This question is very easy and interesting. In this question, we just need to match the specific empires with the description given in the question. So, Let's Start.

1. The first description matches with the Dutch Empire. (C)

2. The second description matches with obviously the French Empire (D)

3. The third description matches with the English Empire. (B)

Lastly,

4. The forth description clearly matches with the Spanish Empire. (A)

So, Correct Combination will be:

1 ----> Matches with ----->C

2 ----> Matches with ----->D

3  ----> Matches with ----->B

4 ----> Matches with ----->A

8 0
3 years ago
What happens during the exit stage of a company?
bekas [8.4K]
<span>The Exit stage is when the entrepreneur gets out of the day-to- day commitment of running the company.</span>
3 0
3 years ago
Read 2 more answers
Other questions:
  • Ethical decisions often need to be made within gray areas. for example, should an isp comply with a request from a government fo
    9·1 answer
  • Impact sourcing, smart sourcing, was developed to provide opportunities for workers in less developed countries. Into three para
    14·1 answer
  • Last year, Mountain Top, Inc., purchased a coal mine at a cost of $900,000. The salvage value has been estimated at $100,000. Th
    14·1 answer
  • BreatheDeep, a monopolist, produces 10,000 doses of medicine for sever asthma at a cost of $4 per dose. If each dose is sold for
    6·1 answer
  • Employees at Between the Rounds believe that the company is fair to all employees, regardless of their age, gender, race, ethnic
    14·1 answer
  • Which of the following HR activities is similar to analyzing a job that does not yet exist?
    13·1 answer
  • Which of the following products probably accounted for by a company using a job order costing system? A) facial tissue B) Hershe
    10·1 answer
  • One year ago, you purchased $6,000 worth of a mutual fund at an offering price of $38.10 a share. Today, the fund distributed $0
    7·1 answer
  • Why would a smart person keep at least a $100 balance in their checking account
    12·1 answer
  • Costs and benefits that should be ignored when making decisions are called ______ costs and benefits.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!