Martin's Inc. is expected to pay annual dividends of $2.50 a share for the next three years. After that, dividends are expected to increase by 3% annually
What is the current value of this stock to you if you require a 9% rate of return on this investment?
A) $39.47
B) $40.11
C) $41.81
D) $42.92
Answer: A
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A corporation reports the following year-end stockholders' equity: Paid-in capital:? Preferred stock, 8%, 100,000 shares authorized, 50,000 shares issued …………………. $ 2,500,000 Common stock, $1 par, 5,000,000 shares authorized, 4,000,000 shares issued ………………..4,000,000 Paid-in capital in excess of par, Common …………..1,325,000 Total paid-in capital ………………………………..$ 7,825,000Retained earnings ……………………………………..10,675,000Total stockholders' equity …………………………….$18,500,000Determine the following:(1) Par value for the preferred stock.(2) Book value per share for common stock
What will be an ideal response?
A voidable contract results when the contract arises from:
a. physical duress. b. undue influence. c. fraud in the execution. d. a mutual mistake in the meaning of contractual terms and neither party is to blame.
________ insurance compensates employees for loss of income and for medical expenses due to job-related injuries.
A. Short-term disability B. Disability C. Injury D. Worker's compensation
An essential part of marketing strategy is target market strategy. Selection of target market(s) drives marketing objectives and selection of the marketing mix (the four Ps). What are the three general strategies for selecting target markets?
What will be an ideal response?