The dividend just paid on Thompson Industry stock was $2 per share and it is expected to grow 8% each year. If the stock is currently selling at $30 per share, what is Thompson's cost of equity? (Round to the nearest percent.)
A) 13%
B) 18%
C) 12%
D) 15%
E) 21%
D
You might also like to view...
Which of the following pay structures would a company adopt if it wanted a pay structure that rewards employees based on their knowledge and competency?
A. Pay policy line approach B. Skill-based pay approach C. Pay grade approach D. Delayering approach E. Market survey data approach
Noise traveling through the air is known as airborne sound, but noise traveling through structural facilities is known as facility sound
Indicate whether the statement is true or false.
Taxpayers that sell merchandise to their customers must use the accrual method to account for purchases and sales of merchandise.
Answer the following statement true (T) or false (F)
The book value per share of common stock is computed as follows:
A) value of the company's assets/price of the book it's listed in. B) assets/number of shares outstanding. C) liabilities/number of shares outstanding. D) total common stockholders' equity/number of shares outstanding.