Aaron Inc. has 321 million shares outstanding. It expects earnings at the end of the year to be $641 million. The firm's equity cost of capital is 11%
Aaron pays out 50% of its earnings in total: 30% paid out as dividends and 20% used to repurchase shares. If Aaron's earnings are expected to grow at a constant 7% per year, what is Aaron's share price?
A) $12.48
B) $24.96
C) $37.44
D) $49.92
Answer: B
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Employees who listen to solve problems, strengthen interpersonal ties, encourage creativity, and facilitate networking are said to be
A) opportunistic B) dogmatic C) altruistic D) systematic
______ are the degree to which certain factors contribute to team effectiveness.
A. Social facilitations B. Process losses C. Synergies D. Process gains
What are jury instructions?
A) instructions from the jury to the plaintiff's attorney about settling a case before trial B) instructions from jury informing the judge on what grounds the case can be dismissed C) instructions to the jury from both parties over the duration within which the case has to be settled D) instructions to inform the jury about what law to apply when they decide the case
Carriveau Corporation's most recent balance sheet appears below:Comparative Balance Sheet Ending BalanceBeginning BalanceAssets: Current assets: Cash and cash equivalents$31 $34 Accounts receivable 73 67 Inventory 74 64 Total current assets 178 165 Property, plant, and equipment 456 370 Less accumulated depreciation 207 196 Net property, plant, and equipment 249 174 Total assets$ 427 $ 339 Liabilities and stockholders' equity: Current liabilities: Accounts payable$49 $56 Accrued liabilities 19 20 Income taxes payable 26 24 Total current liabilities 94 100 Bonds payable 152 200 Total liabilities 246 300 Stockholders' equity: Common
stock 35 30 Retained earnings 146 9 Total stockholders' equity 181 39 Total liabilities and stockholders' equity$ 427 $ 339 Net income for the year was $172. Cash dividends were $35. The company did not sell or retire any property, plant, and equipment during the year. The net cash provided by (used in) operating activities for the year was: A. $183 B. $(11) C. $161 D. $246