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liraira [26]
3 years ago
7

Camp Company had total earnings of $600 million in 2013, out of which it retained 20 percent for future investments. In 2013, it

s stock featured a dividend yield of 4 percent and 100 million shares were outstanding. The price-earnings ratio for Camp Company stock was
Mathematics
1 answer:
s344n2d4d5 [400]3 years ago
4 0

Answer: $20

Step-by-step explanation:

First, the earnings per share will be:

= $600 mill / 100 mill shares

= $6 per share

Since the retention ratio is 20%, it means that the payout ratio = 100% - 20% = 80%.

Therefore, the dividend per share will be:

=$6 × 80%

= $6 × 0.8

=$4.80

We will calculate then calculate market price as:

Dividend yield =Dividend per share / Market price

0.04 =$4.80 / Market price

Market price =$4.80 / 0.04

Market price = $120

The price earnings ratio will be:

= Market price / EPS

= $120 / $6

= $20

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Jessica has an account with a credit union. Her account earns 2.5% simple interest yearly. Exactly a year and a half ago, she op
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Answer:

$22.5

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3 0
3 years ago
The tail of a kite is 1.5 feet plus twice the length of the kite. Together, the kite and tail are 15.5 ft long. Find the length
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Answer:

We know that the kite with the tail is 15 feet and 6 inches. While 6 inches is 0,50 foot, it's 15,5 feet. If the lenght of the kite is x, then:

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15,5 = 3x + 1,5     / - 1,5 (both sides)

14 = 3x             / : 3 (both sides)

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The kite is approx .4,66 feet long. It means that the tail is about 15,5 - 4,66 = 10,84 feet long.

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3 years ago
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