Tarbox Tobacco Inc is all equity financed and generates perpetual annual EBIT of $300. Assume that the EBIT, and all other cash flows, occur at year end and that we are currently at the beginning of a year. Assume that Tarbox has a 100% payout rate
Tarbox has 1,500 shares outstanding. The stock holders of Tarbox require a return of 5%. Assume that the tax rate is 0%. What is the price per share for Tarbox stock?
A) $6.67
B) $0.20
C) $4.00
D) $10.00
E) $7.49
C
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The supply for foreign exchange results from transactions that appear on the
a. credit side of a country's balance of payments statement. b. debit side of a country's balance of payments statement. c. both the credit side and the debit side of a country's balance of payments statement. d. neither the credit side nor the debit side of a country balance of payments statement.
What is the ultimate destination for the energized electrons during the light reactions of photosynthesis?
A. They are taken up by NADP+ to produce NADPH. B. They are taken up by NADPH to produce NADP+. C. They are taken up by NAD+ to produce NADH. D. They are taken up by NADH to produce NAD+.
Brian realizes that measuring overall job satisfaction is important, but he is not sure why he should assess facet-specific measures of job satisfaction. Brian should know______.
A. that if employees are satisfied with their job in general, then they are satisfied with all parts of the job B. that he will have a better understanding of employee attitudes about all aspects of their jobs C. that whether they are satisfied or not is irrelevant to workplace outcomes D. that satisfaction is interesting, but unimportant to employee well-being or performance
Which of the following statements regarding the quick ratio is incorrect?
A. The quick ratio is also known as the acid-test ratio. B. The quick ratio is a conservative variation of the current ratio. C. The quick ratio equals quick assets divided by total liabilities. D. The quick ratio ignores some current assets that are less liquid than others.