Ovit, Inc., has preferred stock with a price of $18.14 and a dividend of $1.26 per year.
Question:
Ovit, Inc., has preferred stock with a price of $18.14 and a dividend of $1.26 per year.
What is its dividend yield?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
The dividend yield of a preferred stock is calculated by dividing the annual di...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781292437156
5th Global Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
Question Posted:
Students also viewed these Business questions
-
Question 2 Quest Financial services balance sheets report $200 million in total debt, $100 million in short-term investments, and $30 million in preferred stock. Quest has 10 million shares of common...
-
Develop a Stack abstract data type The Stack class should include the following methods: push(item) function to add a new item to the stack pop() function to remove the top item from the stack...
-
In Exercises 912, use the given conditions to write an equation for each line in point-slope form and general form Passing through (4, -7) and perpendicular to the line whose equation is x - 2y - 3 =...
-
Write a description on the below topic Please assess the strengths and weaknesses of the various criminal justice record keeping programs (NCIC, NIBRS, LEDS, NLETS and CCH). If you could discontinue...
-
What does the following SystemVerilog statement do? result = | (data[15:0] & 16'hC820);
-
In a survey of 8-to 18-year-old heavy media users in the United States, 47% said they get fair or poor grades (C and below). You randomly select forty-five 8- to 18-year-old heavy media users in the...
-
Wick Company uses the columnar cash journals illustrated in the textbook. In April, the following selected cash transactions occurred. 1. Made a refund to a customer as an allowance for damaged...
-
Projected financial results for the university's cafeteria for next year are shown. Answer each of the following independent questions. Sales (a) How much is the contribution margin and the...
-
Suppose Acap Corporation will pay a dividend of $2.85 per share at the end of this year and a dividend of $3.02 per share next year. You expect Acaps stock price to be $53.74 in two years. Assume...
-
Achi Corp. has preferred stock with an annual dividend of $3.15. If the required return on Achis preferred stock is 7.9%, what is its price? (Hint: For a preferred stock, the dividend growth rate is...
-
Write a piece of code that examines an array of integers and reports the maximum value in the array. Consider putting your code into a method called max that accepts the array as a parameter and...
-
( a ) Which two ( out of the three ) would be the best lead compounds? Why? ( b ) Describe the differences between the affinities and efficacies of the two compounds you selected in ( a ) . 4. 100%...
-
Thermopolis Industries acquired common stock of Riverton, Inc. as an investment. Consider the following transactions. 2018: Purchase 4,000 (15%) of the common shares of Riverton, Inc. for $20.40 cash...
-
Please help on my assignment. The main menu should look like this: Java Credit Main Menu [1] New Credit Account [2] Credit Inquiry [3] Purchases [4] Payment [5] Close Credit Account [7] Exit Below...
-
A company provides the following information related to its inventory. Inventory Number of Units Unit Cost Unit NRV Item A 3 , 8 0 0 $ 5 2 $ 4 6 Item B 4 , 2 0 0 2 8 3 0 Item C 2 , 5 0 0 3 4 3 1 Item...
-
Solve the question given below Product 101 102 103 104 Total Cost $ 124,000 92,800 61,800 31,000 The normal profit is 20% of total cost. Required 1 Required 2 Total Replacement Required: 1. Determine...
-
Discuss the options facing Belgian craft brewers desiring to sell their products in the United States if researchers cannot discover a way to sufficiently extend the shelf life of craft beers....
-
Write a paper about medication error system 2016.
-
Costs of Float Purple feet wine, Inc., receives an average of $11,000 in checks per day. The delay in clearing is typically four days. The current interest rate is .016 percent per day. a. What is...
-
Float and Weighted Average Delay your neighbor goes to the post office once a month and picks up two checks, one for $13,000 and one for $4,000. The larger check takes four days to clear after it is...
-
NPV and Collection time your firm has an average receipt size of $95. A ban has approached you concerning a lockbox service that will decrease your total collection time by two days. You typically...
-
Complete common -size statements (balance sheets) using the data below. You will be required to create a spreadsheet in MS Excel to display the statements (balance sheets).? compare and contrast the...
-
Please can you provide me 5 fundamental indicators, 5 sentiment indicators and 5 Technical indicators in this PICTURE format that are in correlation With BTC which would allow a investor to make good...
-
Luminex Trust Bank Ltd issued a A$170 million, one-year maturity CD, denominated in euro (euro CD) six months ago. On the same date, A$130 million was invested in a euro- denominated loan and A$40...
Study smarter with the SolutionInn App