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bearhunter [10]
3 years ago
5

Hailey Corporation pays a constant $9.45 dividend on its stock. The company will maintain this dividend for the next 13 years an

d will then cease paying dividends forever. If the required return on this stock is 10.7 percent, what is the current share price?
Business
1 answer:
Sloan [31]3 years ago
5 0

Answer:

$64.76

Explanation:

The current share price can be determined by calculating the present value of the dividend

Present value is the sum of discounted cash flows

Present value can be calculated using a financial calculator

Cash flow from year 1 to 13 = 9.45

I = 10.7

PV = 64.76

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

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Assume a market is in equilibrium. There is an increase in supply, but no change in demand As a result the equilibrium price ___
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Blue Enterprises reported cost of goods sold for 2020 of $1,307,500 and retained earnings of $5,383,000 at December 31, 2020. Bl
Sphinxa [80]

Answer: See explanation

Explanation:

Based on the information given in the question, the corrected amounts for 2020 cost of goods sold would be:

= $1307500 + $36930 - $118630

= $1225800

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= $5,383,000 - $36,930

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4 0
3 years ago
A nation's long-run growth rate is equal to the sum of: Group of answer choices labor force growth and capital growth. growth in
jonny [76]

Answer:

labor force growth and productivity growth.

Explanation:

A country's long run growth rate is generally calculated by adding the increases in the market value of the goods and services produced within a country during a period of time. It is generally stated as a percentage growth of real GDP.

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7 0
3 years ago
Kahn Performance Nutrition produces a protein shake that contains whey protein as one of its ingredients. The whey protein (mate
Radda [10]

Answer:

The correct answer is "-$7200 (Unfavorable)".

Explanation:

Given:

Actual quantity,

= 54000 pounds

Standard price,

= $3 per pound

Standard quantity,

= 4300\times 12

= 51600 \ pounds

As we know,

⇒ Material \ quantity \ variance=(Standard \ quantity-Actual \ quantity)\times Standard \ priceBy substituting the values, we get

⇒                                          =(51600-54000)\times 3

⇒                                          =(-2400)\times 3

⇒                                          =-7200 \ (Unfavorable)

8 0
3 years ago
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