Business, 04.12.2019 21:31 Dragonskeld

You own 1,100 shares of stock in avondale corporation. you will receive a $1.50 per share dividend in one year. in two years, the company will pay a liquidating dividend of $45 per share. the required return on the company's stock is 20 percent. a. ignoring taxes, what is the current share price of your stock? (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) b. if you would rather have equal dividends in each of the next two years, how many shares would you sell in one year? (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) c. what would your cash flow be for each year for the next two years? hint: dividends will be in the form of an annuity. (do not round intermediate calculations.)

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 04:00

Medtronic, inc., is a medical technology company that competes for customers with st. jude medical s.c., inc. james hughes worked for medtronic as a sales manager. his contract prohibited him from working for a competitor for one year after leaving medtronic. hughes sought a position as a sales director for st. jude. st. jude told hughes that his contract with medtronic was unenforceable and offered him a job. hughes accepted. medtronic filed a suit, alleging wrongful interference. which type of interference was most likely the basis for this suit? did it occur here? medtronic, inc., is a medical technology company that competes for customers with st. jude medical s.c., inc. james hughes worked for medtronic as a sales manager. his contract prohibited him from working for a competitor for one year after leaving medtronic

Answers: 2

Answer

Business, 22.06.2019 09:40

Wilson center is a private not-for-profit voluntary health and welfare entity. during 2017, it received unrestricted pledges of $638,000, 65 percent of which were payable in 2017, with the remainder payable in 2018 (for use in 2018). officials estimate that 14 percent of all pledges will be uncollectible. a. how much should wilson center report as contribution revenue for 2017? b. in addition, a local social worker, earning $20 per hour working for the state government, contributed 600 hours of time to wilson center at no charge. without these donated services, the organization would have hired an additional staff person. how should wilson center record the contributed service?

Answers: 2

Answer

Business, 22.06.2019 11:10

Suppose that the firm cherryblossom has an orchard they are willing to sell today. the net annual returns to the orchard are expected to be $50,000 per year for the next 20 years. at the end of 20 years, it is expected the land will sell for $30,000. calculate the market value of the orchard if the market rate of return on comparable investments is 16%.

Answers: 1

Answer

Business, 22.06.2019 12:10

The following transactions occur for badger biking company during the month of june: a. provide services to customers on account for $32,000. b. receive cash of $24,000 from customers in (a) above. c. purchase bike equipment by signing a note with the bank for $17,000. d. pay utilities of $3,200 for the current month. analyze each transaction and indicate the amount of increases and decreases in the accounting equation. (decreases to account classifications should be entered as a negative.)

Answers: 1

Answer

You know the right answer?

You own 1,100 shares of stock in avondale corporation. you will receive a $1.50 per share dividend i...

Questions