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sveticcg [70]
3 years ago
9

CSU Co. just paid a dividend of $1.4 per share on its stock. The dividends are expected to grow at a constant rate of 4 percent

per year indefinitely. If investors require an 12.6 percent return on Sky High Co. stock, the current price is $ _________ . Round it to two decimal places, and do not include the $ sign, e.g., 23.56.
Business
1 answer:
boyakko [2]3 years ago
8 0

Answer:

$16.93

Explanation:

Current stock price = dividend ( 1 + growth rate) / required return - growth rate

$1.4(1.04) / 0.126 - 0.04 = $16.93

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3 years ago
The – is the first and central note of a scale. the principle of organization around a central note is called
umka2103 [35]

The <u>"tonic" </u>is the first and central note of a scale. the principle of organization around a central note is called  <u>"tonality."</u>


Tonic refers to the primary note of a scale that the scale depends on, sometimes called the root.  

Most tunes begin and end with a similar tone which is the primary note, or tonic, in the scale. At that point you play notes from a scale you could hear that the music appears to float towards the main note, it resembles somewhere in the range of pressure is left until the point when you have achieved that first note. This phenomenon is called tonality.


6 0
3 years ago
Hummingbird Corporation, a closely held C corporation that is not a PSC, has $240,500 of net active income, $96,200 of portfolio
grin007 [14]

Answer:

$72,150

Explanation:

Calculation to determine Hummingbird’s taxable income for the year

Using this formula

Taxable income =Net active income +Portfolio income-Passive loss

Let plug in the formula

Taxable income=$240,500+$96,200-$264,550

Taxable income=$72,150

Therefore Hummingbird’s taxable income for the year is $72,150

4 0
3 years ago
Kurtz Fencing Inc. uses a job order cost system. The following data summarize the operations related to production for March, th
dimulka [17.4K]

Answer:

The solution is shown in the file attached below

Explanation:

Download docx
8 0
4 years ago
Which of the following statements BEST describes the typical target market?a. A target market will remain stable over time, with
tino4ka555 [31]

Answer:

b) target markets change over time as consumers drop in or out of the market, and as tastes change.

Explanation:

A target market refers to the customers around whom the marketing efforts are made. These customers are the available market for the business to extend their service to. Such customers possess characteristics similar to each other and are assumed to provide their support to the company. The company too finds the services provided to these customers to be the most profitable area.

5 0
3 years ago
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