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andreev551 [17]
3 years ago
15

The common stock of Dayton Repair sells for $43.19 a share. The stock is expected to pay $2.20 per share next year when the annu

al dividend is distributed. The firm has established a pattern of increasing its dividends by 2.25 percent annually and expects to continue doing so. What is the market rate of return on this stock
Business
1 answer:
mihalych1998 [28]3 years ago
4 0

Answer: 7.35%

Explanation:

Based on the information given, the market rate of return on this stock will be calculated as:

= (D1/P0) +G

where,

D1= Dividend at year 1 = 2.20

P = price at present =43.19

G = dividend growth rate =2.25%

We then slot the figures into the formula and we will get:

= (D1/P0) +G

= (2.20 / 43.19) + 2.25%

= 0.051 + 2.25%

= 5.1% + 2.25%

= 7.35%

Therefore, the market rate of return will be 7.35%.

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California Professional code of conduct for insurance agent does not permit unethical placement, as the regulator view such as fraudulent practices.

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3 years ago
The __________ assures the payment of otherwise non-collectable court judgments against licensees who have committed fraud, misr
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<h3>What is the SAFE act?</h3>

This was the act in the United States that made it mandatory for houses to be registered and licensed.

The act is based on houses that are used as residences. The full meaning of the act is the  Secure and Fair Enforcement for Mortgage Licensing Act.

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Hence the correct answer to the question is the SAFE act.

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4 0
2 years ago
Which best explains why someone would be better qualified for a job in programming versus a job in information support?
qwelly [4]
The correct answer is: programmers need advanced knowledge in operating system. The skills in manipulating software and creating the necessary programs to facilitate the goals of the company is what's needed from a programmer more than someone who is in the information support department.
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3 years ago
Read 2 more answers
Lamar Printing Company determines that a printing press used in its operations has suffered a permanent impairment in value beca
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Answer:

C. include a credit to the equipment accumulated depreciation account.

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In Accounting, Depreciation can be defined as the decrease in the value of an asset (factory equipment, logistics tools etc) as a result of wear or tear, within a specific period of time. Depreciation is used for the allocation of cost to tangible assets with respect to its life expentency or within its useful life.

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