McKerley Corp. has preferred stock outstanding that will pay an annual dividend of $3.70 per share with the first dividend exactly 14 years from today. If the required return is 3.6 percent, what is the current price of the stock?

$64.89

Explanation:

Calculation for the current price of the stock

First step is to find the preference stock value at end of 13 years

Using this formula

P13= Annual dividend/Required return

Let plug in the formula

P13=$3.70/.036

P13= $102.78

The second step is to calculate for the current price of the stock

Using this formula

P0= P13/(1+Required return)^Dividend years

Let plug in the formula

P0= $102.78/(1 + .036)^13

P0=$102.78/(1.036)^13

P0=$102.78/1.5837

P0=$64.89

Therefore the current price of the stock will be $64.89

“Internal organisation considerations for the development of a strategic plan include workforce strengths and weaknesses, financial considerations and organisational culture”.

The structure and culture are significant in light of the fact that they furnish the organization with the capacity change and prevail through the changing states of the organization. Regardless of whether the arrangement fits into the organization's way of life and whether the authoritative structure can alter or adjust to the change may influence the chance of following a particular vital course spread out by the organization. To deal with workforce gives the organization must think about the qualities and shortcomings of the workforce when they are making the vital arrangement. A workforce with various abilities will respond distinctive to the adjustments in the key arrangement. Workers that are imaginative and enhanced will adjust and assume responsibility for the new vital arrangement while untalented representatives will react to the new arrangement in an altogether different way. During the upper hand phase of arranging, the organization must recognize key chances. This can appear as innovation, licenses, elite agreements, the area of the organization, and in any event, having the associations the organization similarly as with others. At last, is the money related circumstance of the organization, which should be considered before beginning the key getting ready for the organization. Right now, you should consider how much cash the organization needs to acquire the objectives of the key arrangement. At that point the objectives ought to be set that are viewed as reachable by the organization.  

As I would like to think, the budgetary thought would be the most significant stage. After all there would be no compelling reason to get ready for an adjustment in the activity of the organization if there was no money related sponsorship to help such a change.  

The essential outside hierarchical contemplation in building up a vital arrangement are the chances, dangers, and patterns. These segments are a piece of the SWOTT Analysis. Long haul arranging, observing and looking into industry patterns, defining objectives, executing strategy, methods, and checking and exploring impacts of activities are for the most part approaches to achieve a key arrangement. The most significant thought relies upon the SWOTT Analysis. The market, contenders, and assets are continually evolving. Given the aftereffects of these changes, the thought might be modified. On the off chance that I needed to make a theory with regards to what the most significant thought would be in the present climate, I would state the economy! It is the thing that enables a business to succeed or fall flat.