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saveliy_v [14]
2 years ago
7

Monogramm just paid a dividend of $2.19 per share. The company said that it will increase the dividend by 15 percent and 10 over

the next two years, respectively. After that, the company is expected to increase its annual dividend at 3.7 percent. If the required return is 10.7 percent, what is the stock price today
Business
1 answer:
valentinak56 [21]2 years ago
7 0

Answer: $38.03

Explanation:

Based on the information given in the question, dividend for first year will be:

= D1 = $2.19 × 1.15 = $2.5185

D2= $2.5185 × 1.1 = $2.77035

Then, we calculate the value after year 2 which will be:

=(D2 × Growth Rate) / (Required Return-Growth Rate)

=(2.77035 × 1.037) / (0.107-0.037)

=$41.04

Therefore, the stock price today will be:

= (2.5185/1.107) + (2.77035/1.107²) + (41.04)/1.107²

=$38.03

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Brenda has recently been denied a promotion. This is the third time she was turned down for promotion despite excellent performa
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Answer: The options are given below:

A. a diversity-oriented employer

B. a wide span of control

C. the glass ceiling effect

D. the black swan effect

E. an affirmative action

The correct option is C. The Glass Ceiling Effect

Explanation: The glass ceiling is a term used in organizations, it is a metaphor that is used to refer to an invisible and artificial barrier that prevents women and minority groups from being promoted to top managerial and executive level positions within an organization.

The scenario presented above is a perfect example of the glass ceiling effect, this is because, though Brenda is qualified for the promotion, she is denied it regardless, because "that's just the way things are". As you can see, the reason for the denial of her promotion is not a professional issue, just a tradition to always suppress the advancement of certain categories of people.

6 0
3 years ago
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The Dot Corporation has changed its year-end from a calendar year-end to August 31. The income for its short period from January
Scilla [17]

Answer:

$10,527

Step by step Explanation:

Ist January to 31 August is 8 months

Therefore;

$54,000 x 12/8 = 81,000

15% x 50,000 = 7,500

25% x 25,000 = 6,250

34% x 6,000 = 2,040

7,500 + 6,250 + 2,040 = 15,790

Short period = 15,790 x 8/12 = $10,526.673.

Therefore The tax for this short period is $10,526.673 approximately $10,527

3 0
3 years ago
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Vaselesa [24]
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6 0
3 years ago
Someone says, "Even though the equilibrium wage rate is $8 an hour in the unskilled labor market, if we impose a minimum wage of
balandron [24]

Answer:

a) The demand curve for unskilled labor is vertical.

Explanation:

Someone says, "Even though the equilibrium wage rate is $8 an hour in the unskilled labor market, if we impose a minimum wage of $10 an hour, no one currently working will lose his or her job." This person must believe that the Group of answer choices demand curve for unskilled labor is vertical.

Response to prices depend on the elasticity of demand because elasticity of demand relates to how quantity demanded will fall as a result of increase in price or in this case wage rate.

A vertical demand curve is a pictorial demonstration of a perfectly inelastic demand which means that no matter how much to you increase the price no change will occur in quantity demanded as such a good is most essential to the consumers.

Therefore if the demand for labor is perfectly inelastic, it means nobody will be laid off with increase in wage rate as firms will not change their quantity demanded for labor.

4 0
3 years ago
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