1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
qwelly [4]
3 years ago
15

Synovec Corporation is expected to pay the following dividends over the next four years: $6.60, $17.60, $22.60, and $4.40. After

ward, the company pledges to maintain a constant 5.25 percent growth rate in dividends forever. If the required return on the stock is 7 percent, what is the current share price?
Business
1 answer:
Alexandra [31]3 years ago
3 0

Answer: $245

Explanation:

If the required return on the stock is 7 percent, the current share price would be calculated as:

= 6.60/1.07 + 17.60/1.07^2 + 22.60/1.07^3 + 4.40/1.07^4 + [(4.4 × 1.0525) / (7%-5.25%)] / 1.07^4

= $245.23

= $245 approximately

Therefore, the current share price will be $245

You might be interested in
What is the author's main claim or argument?<br> Pizza is the best
lys-0071 [83]
I hate pizza. it’s grosssdd
3 0
3 years ago
_____ involves the collection, organization, and analysis of numerical data.
Crazy boy [7]
Statistics is your answer i believe 
8 0
3 years ago
Read 2 more answers
In the straight line method the yearly percentage of cost lost through accured depreciation is found by
alexandr402 [8]

Answer:

Cost of asset less expected residual value /Expected useful life (years

Explanation:

Where the depreciable amount is charged in equal amounts to each reporting period over the expected useful life of the asset, this method of calculating depreciation is known as straight line method.

The yearly percentage of cost lost through accrued depreciation in straight line method is found by following formula:

Cost of asset less expected residual value /Expected useful life (years)

8 0
3 years ago
Suppose a piece of equipment cost $35,000 and has accumulated depreciation of $10,000. It is sold for $15,000 cash. What is the
Elodia [21]

The amount of the journal entry are as follows:-

Cash                                           $15000

Accumulated Depreciation         $10000

Equipment cost                         $35000

Loss on sale                               $10000

<h3>What is Depreciation?</h3>

An asset loses value over time as a result of use, damage, or obsolescence. Depreciation is the measurement for this decline.

The complete solution is attached below.

Depreciation, or a decline in asset value, can be brought on by a variety of other variables, such as bad market conditions, etc.

Thus the journal entry credit amount is Equipment cost $35000 and Debit amount of the journal entry are Cash $15000 Accumulated Depreciation $10000 and Loss on sale $10000.

Learn more about Depreciation here:

brainly.com/question/15085933

#SPJ1

3 0
1 year ago
A capital projects fund for a new city courthouse recorded a receivable of $300,000 for a state grant and a $450,000 transfer fr
TiliK225 [7]

Answer:

$300,000

Explanation:

The grant of $300,000 happens not to have any restrictions mentioned alongside it in the question and as such will be declared or reported as revenue as an unrestricted grant. This is acceptable by the Governmental Accounting Standards Board, GASB.

Cheers

5 0
3 years ago
Other questions:
  • Elle, an adolescent, believes that government should pay for citizens' health care. from this premise, she reasons about the par
    9·1 answer
  • Crossfade Corp. has a bond with a par value of $2,000 that sells for $1,902.14. The bond has a coupon rate of 6.48 percent and m
    10·1 answer
  • he direct write-off method of accounting for uncollectible accounts a. emphasizes the matching of expenses with revenues. b. emp
    6·1 answer
  • A project has an initial cost of $50,000. The incremental inflows associated with the project are $20,000 in year one, $15,000 i
    8·1 answer
  • Occurs when several groups, that are largely independent in their functions, collectively contribute to a common output
    12·1 answer
  • Suppose the world price of cotton falls substantially. The demand for labor among cotton-producing firms in Texas will( increase
    11·2 answers
  • Automobiles are often leased, and there are several terms unique to auto leases. Suppose you are considering leasing a car. The
    9·1 answer
  • An outside supplier offers to provide Factor with all the units it needs at $44.45 per unit. If Factor buys from the supplier, t
    11·1 answer
  • Green, Inc., provides group term life insurance for all of its employees. The coverage equals twice the employee's annual salary
    5·1 answer
  • Which statement best describes the difference between a market and traditional economy
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!