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RideAnS [48]
3 years ago
5

Ten years ago, Lucas Inc. earned $0.50 per share. Its earnings this year were $5.00. What was the growth rate in earnings per sh

are (EPS) over the 10-year period?
Business
1 answer:
liberstina [14]3 years ago
3 0

Answer:

25.89%

Explanation:

With regards to the above information, initial earning = $0.50

Final earnings = $5.0

Number of periods = 10 years

We can formulate the above into an equation, which will now be:

$5.00 = $0.5 ( 1 + rate )^ 10

We can simplify furthermore.

1 + rate ^ 10 = 5 / 0.5

1 + rate ^ 10 = 10

1 + rate ^ 10 = 10^1/10

1 + rate = 10 ^ 0.1

1 t rate = 1.2589

rate = 1.2589 - 1

rate = 0.2589

rate = 25.89%

Therefore, the growth rate in earnings per share (EPS) over the 10 year period is 25.89% .

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Glendale Paving currently has 45,000 shares of stock outstanding that sell for $38 per share. Assume no market imperfections or
Aloiza [94]

Answer:

$31. 15

Explanation:

From the question we are required to find the new stock price considering that no market imperfections or tax effects exist.

stock dividend = 22 percent

Amount per share = $38

At a a stock dividend of 22 percent, new share price would be

= $38(1 / 1.22)

= $31.15

3 0
3 years ago
Pronunciation and enunciation have all of the following in common except a. Both involve how you articulate b. Both are importan
kompoz [17]

Answer:

both are tied to nonverbal communication

8 0
2 years ago
Conor broke his wrist while playing basketball in the backyard. He ended up in the hospital. After an X-ray, MRI, doctor visit a
Anna11 [10]

Answer:

$6,000

Explanation:

A deductible is the amount Conor has to pay before his medical bills and prescriptions start getting coverage from his insurance.

Step 1: 10,000 - 2,000 = 8,000

A co-pay is a fixed amount the insured has to pay for certain medical services.

Step 2: 20% of 8,000 or 0.20 times 8,000 = 1,600

Step 3: add $2,000 (the deductible you have to pay) and $1,600 (the co-pay)

Total amount that Conor will have to pay for the hospital: $3,600

3 0
3 years ago
A Japanese company has a bond outstanding that sells for 87 percent of its ¥100,000 par value. The bond has a coupon rate of 4.3
PSYCHO15rus [73]

Answer:

YTM = 12.66%

Explanation:

FV = ¥100,000

PV = 0.87 x  ¥100,000

PV=  ¥87,000

Coupon payment = 4.3% x ¥100,000

Coupon payment = ¥4300 per year

N = 18 years

YTM = ?

We would simply plug these values into a financial calculator

https://www.calculator.net/finance-calculator.html?ctype=returnrate&ctargetamountv=1000000&cyearsv=18&cstartingprinciplev=87000&cinterestratev=6&ccontributeamountv=4300&ciadditionat1=end&printit=0&x=0&y=0

YTM = 12.66%

8 0
3 years ago
ou have just purchased a four-month, $630,000 negotiable CD, which will pay a 4.5 percent annual interest rate. a. If the market
Serjik [45]

Answer:

Explanation:

first will need to calculate the Fv future value of this CD

Fv = Pv ( 1 + R )^n n = 4 /12 = 0.333333,  r, rate = 4.5/100 = 0.045

Fv = $ 630000 ( 1+ 0.045)^0.33333 = $ 639311.69

a) the current value at 5 % Pv = Fv / ( 1+r)ⁿ

Pv = $ 639311.69  / ( 1.05)^0.3333 = $ 628998.41

b) the current price at 4.25% = $ 639311.69  / ( 1.0425)^0.3333 = $ 630503.20

8 0
3 years ago
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