Business, 13.11.2019 23:31 liyahmakay1853

Hi-tek is a young start-up company. no dividends will be paid on the stock over the next 15 years, because the firm needs to plow back its earnings to fuel growth. the company plans to pay a $6 per share dividend in 16 years and will increase the dividend by 4 percent per year thereafter. what is the current share price if the required return on this stock is 16 percent?
a. $5.62.
b. $8.59.
c. $5.40.
d. $50.00.

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 14:00

Jagjit company designs and builds retaining walls for individual customers. on august 1, there were two jobs in process: job 93 with a beginning balance of $8,650, and job 94 with a beginning balance of $7,270. jagjit applies overhead at the rate of $9 per direct labor hour. direct labor wages average $16 per hour. data on august costs for all jobs are as follows:

Answers: 3

Answer

Business, 22.06.2019 01:00

The law says your employer is responsible for providing you with a safe and healthy workplace. true or false?

Answers: 1

Answer

Business, 22.06.2019 11:30

Chuck, a single taxpayer, earns $80,750 in taxable income and $30,750 in interest from an investment in city of heflin bonds. (use the u.s. tax rate schedule.) (do not round intermediate calculations. round your answers to 2 decimal places.)

Answers: 2

Answer

Business, 22.06.2019 17:50

On january 1, eastern college received $1,350,000 from its students for the spring semester that it recorded in unearned tuition and fees. the term spans four months beginning on january 2 and the college spreads the revenue evenly over the months of the term. assuming the college prepares adjustments monthly, what amount of tuition revenue should the college recognize on february 28?

Answers: 2

Answer

You know the right answer?

Hi-tek is a young start-up company. no dividends will be paid on the stock over the next 15 years, b...

Questions