subject
Business, 17.12.2019 06:31 MichaelM416

3m’s preferred stock, which pays an annual dividend of $6 per share, was trading for $60 per share yesterday. however, news broke early this morning that some of the materials the company used for one of his most popular home products is a well-known carcinogenic. consequently, the required rate of return for the stock went up to 12%. what will be the new price of the shares?

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 20:40
•broussard skateboard’s sales are expected to increase by 15% from $8 million in 2016 to $9.2 million in 2017. its assets totaled $5 million at the end of 2016. broussard is already at full capacity, so its assets must grow at the same rate as projected sales. at the end of 2016, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. the after-tax profit margin is forecasted to be 6%, and the forecasted payout ratio is 40%. use the afn equation to forecast broussard’s additional funds needed for the coming year
Answers: 2
question
Business, 22.06.2019 08:00
In addition to using the icons to adjust page margins, a user can also use
Answers: 1
question
Business, 23.06.2019 01:00
What are the benefits of different types of career education, like community colleges, vocational training programs, and four-year colleges?
Answers: 3
question
Business, 23.06.2019 02:50
Dakota company experienced the following events during 2016. 1. acquired $30,000 cash from the issue of common stock. 2. paid $12,000 cash to purchase land. 3. borrowed $10,000 cash. 4. provided services for $20,000 cash. 5. paid $1,000 cash for utilities expense. 6. paid $15,000 cash for other operating expenses. 7. paid a $2,000 cash dividend to the stockholders. 8. determined that the market value of the land purchased in event 2 is now $12,700
Answers: 1
You know the right answer?
3m’s preferred stock, which pays an annual dividend of $6 per share, was trading for $60 per share y...
Questions
question
Mathematics, 07.12.2020 21:10
question
History, 07.12.2020 21:10