The Francis Company is expected to pay a dividend of D1 = $1.25 per share at the end of the year, and that dividend is expected to grow at a constant rate of 6.00% per year in the future. The company's beta is 1.70, the market risk premium is 5.50%, and the risk-free rate is 4.00%. What is the company's current stock price? Do not round intermediate calculations.
A. $13.44
B. $12.93
C. $17.01
D. $14.80
E. $18.03
Answer: C
You might also like to view...
In the Theory of Constraints, the rate at which an organization generates money through sales is referred to as inventory
Indicate whether the statement is true or false
When company management decides that it is unwilling to follow the "conventional wisdom" and instead finds a new way to gain competitive advantage, it might be said to be:
A) searching for loose bricks. B) changing the rules of engagement. C) collaborating. D) building layers of advantage. E) innovating.
Quibble Company established a $300 petty cash fund by issuing a check to the custodian on February 1. On February 15, the petty cash fund was replenished and increased to $800 in total. The contents of the petty cash fund at the time of the February 15 replenishment were:Currency and coins?$12Petty cash receipts for:?? Transportation-in for inventory$39? Delivery expense88? Repairs to office equipment47? Postage64? Entertainment of customers53291Total?$303The company uses the perpetual inventory method. Prepare Quibble's general journal entry to record both the reimbursement and the increase of the petty fund on February 15.
What will be an ideal response?
Define values and outline how they relate to ethical decision-making and behavior.
What will be an ideal response?