What is the current value of a share of McDonalds if its current dividend is $1.50 and dividends are expected to grow at an annual rate of 20 percent for the next 5 years? Assume the investor has a required rate of return of 15 percent and expects to sell the security in 5 years for $72
A) $44.31
B) $35.78
C) $39.63
D) $72.00
A
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The chart of accounts is designed to
A) alphabetized the accounts to make reading easier for its financial statement users. B) analyze the accounts and organize them in order of dollar amount to simplify the accounting information for users. C) summarize the transactions and determine their ending balances. D) meet the information needs of a company and other financial statement users.
Luke Corp budgeted $500,000 of overhead costs for the year. Actual overhead costs for the year are $450,000 . Luke's plantwide allocation base, machine hours, was budgeted at 100,000 hours. Actual machine hours are 180,000 . Budgeted units to be produced were 200,000 units. Luke's plantwide factory overhead rate for the year is ________
a. $2.50 b. $5.00 c. $1.50 d. $4.00
Computer software refers to the electrical devices that comprise the computer
Indicate whether the statement is true or false.
A minor may ratify an agreement while still a minor
Indicate whether the statement is true or false