sadsociety41
16.04.2020 •
Business
Portman Industries just paid a dividend of $2.16 per share. The company expects the coming year to be very profitable, and its dividend is expected to grow by 16.00% over the next year. After the next year, though, Portman's dividend is expected to grow at a constant rate of 3.20% per year. The required rate of return is 13.6%. Assuming that the market is in equilibrium, use the information given to answer the following question. What will Portman's stock price be one year from now? a. $23.76 b. $24.55 c. $24.09 d. $22.78
Solved
Show answers
More tips
- D Dating, Love, Relationships 10 Useful Tips on How to Survive a Breakup?...
- F Food and Cooking Apple Cider Vinegar: The Ultimate Health and Beauty Solution...
- C Computers and Internet Е-head: How it Simplifies Life for Users?...
- F Family and Home How to Choose the Best Diapers for Your Baby?...
- F Family and Home Parquet or laminate, which is better?...
- L Leisure and Entertainment How to Properly Wind Fishing Line onto a Reel?...
- L Leisure and Entertainment How to Make a Paper Boat in Simple Steps...
- T Travel and tourism Maldives Adventures: What is the Best Season to Visit the Luxurious Beaches?...
- H Health and Medicine Kinesiology: What is it and How Does it Work?...
- O Other How to Choose the Best Answer to Your Question on The Grand Question ?...
Answers on questions: Business
- B Business 1. in august of 2008, a mayor of a small town arrives home and finds a package addressed to his wife on his front porch. he carries it into the house, not knowing it contained...
- B Business What is deflation? a. a lack of economic growth. c. a decrease in the general price level. b. a reduction in the supply of money. d. a decrease in a nation’s standard of living....
- B Business An individual stock s diversifiable risk, which is measured by its beta, can be lowered by adding more stocks to the portfolio in which the stock is held....
- B Business Reporting Land Transactions on Statement of Cash Flows On the basis of the details of the following fixed asset account, indicate the items to be reported on the statement...
- B Business George is 73 years old and retired. He was told that he should withdraw $15,000 from his 401(k) to meet his required minimum distribution. George does not feel like he needs...
- B Business Newton Inc. uses a calendar year for financial reporting. The company is authorized to issue 9,053,000 shares of $10 par common stock. At no time has Newton issued any potentially...
- B Business What must a depositor add to a check before the bank will accept it for deposit...
- H Health Which of the following substances found in tobacco smoke stimulates the brain? a. acetone b. toluene c. nicotine d. ammonia...
- C Computers and Technology Among the many tools that have contributed greatly to the digital revolution are...
- M Mathematics If n is a positive integer divisible by 3 and n is less than or equal to 44, then what is the highest possible value of n?...
Ответ: