The stock in Up-Towne Movers is selling for $44.80 per share. Investors have a required return of

Fantastic news! We've Found the answer you've been seeking!

Question:

The stock in Up-Towne Movers is selling for $44.80 per share. Investors have a required return of 9.3 percent and expect the dividends to grow at 3.7 percent indefinitely. What was the dividend the company just paid?

$2.21

$2.51

$2.42

$2.38

$2.74

Related Book For answer-question

Fundamentals of Financial Management

ISBN: 978-0324664553

Concise 6th Edition

Authors: Eugene F. Brigham, Joel F. Houston

See More Books

Posted Date: Jun 03, 2019 05:04 AM

See More Questions

A stock has a required return of 11%, the risk-free rate is 7%, and the market risk premium is 4%. a. What is the stocks beta? b. If the market risk premium increased to 6%, what would happen to the...
Using a dividend forecast of $1.24, a required return of 8.5 percent, and a growth rate of 5.3 percent, we obtained a price for National Fuel Gas Company of $38.75. What would happen to this price if...
1. Discuss the basic business model of Savings and Loan (S&L) Banks? In what way is this somewhat different from larger Commercial Banks? 2. Discuss the importance of Interest Rate risk...
Brist Ltd is a UK resident company which prepares annual accounts to 31 March. In the year to 31 March 2021, the company had a UK trading profit of 2,120,000 and received overseas property income of...
Refer to the information for New Vision Company in E12-9. Statement of Cash Flows Method Cash Flows (and Related Changes) Direct Indirect 1. Net income 2. Receipts from customers 3. Accounts...
As part of a study on transportation safety, the U.S. Department of Transportation collected data on the number of fatal accidents per 1000 licenses and the percentage of licensed drivers under the...
Refer to the statements for Google in Appendix A. For the year ended December 31, 2015, what was its debt-to-equity ratio? What does this ratio tell us? Data From Statement Google In Appendix A...
A major source of revenue in Texas is a state sales tax on certain types of goods and services. Data are compiled and the state comptroller uses them to project future revenues for the state budget....
Nina has been with Elora Enterprises for 5 years and is a Customer Service Representative. She earns $2000.00 bi-weekly working 35 hours per week. She does not work any overtime. She has not reached...
A collar B, of mass m and negligible dimensions, is attached to the rim of a hoop of the same mass m and of radius r that rolls without sliding on a horizontal surface. Determine the angular velocity...
Particles A and B, of mass 4 kg and 3 kg respectively, are connected together by means of a light inextensible string. Particle A rests on a smooth plane inclined at 40 to the horizontal. The string...
How might vector addition work for rotational systems? ( Can you think of any examples of two rotating objects with different axes of rotation combining somehow?)
(A) What is the magnitude of the force of gravity between two 1.7 kg flower pots if their separation is 1.9 m ? Express your answer to two significant figures and include the appropriate units. (B)...
(a) Hand calculate to perform the linear convolution between these two matrices x(m,n) and h(m,n) given below. Let the outside boundary pixels be zeros. You need to expand the boundary of x(m,n) to...
6. How many bytes per sector? Explain in detail how you arrived at your answer. 7. How many sectors per cluster? Explain in detail how you arrived at your answer. 8. How many bytes per cluster are...
Xavier has a contract to build a new hall at the Orford primary school. He has factored in costs, driving time form Hobart to Orford and labour costs. One month into the contract the road from Hobart...
Critically discuss what could go wrong in a project without a formal project charter and how having a comprehensive project carter overcomes these problems.
The cost curve for the city water supply is C(Q) = 16 + 1/4 Q2, where Q is the amount of water supplied and C(Q) is the cost of providing Q acre-feet of water. (An acre-foot is the amount of water...
Bruner Aeronautics has perpetual preferred stock outstanding with a par value of $100. The stock pays a quarterly dividend of $2, and its current price is $80. a. What is its nominal annual rate of...
After a 5-for-1 stock split, Strasburg Company paid a dividend of $0.75 per new share, which represents a 9% increase over last years pre-split dividend. What was last years dividend per share?
How would the correlation coefficient and the previously calculated combine to affect the project's contribution to corporate, or within-firm, risk? Explain.
Given the current pricing of ETF 1, the most likely transaction to occur is that: A. new ETF shares will be created by the APs. B. redemption baskets will be received by APs from the ETF sponsor. C....
Which ETF in Exhibit 1 is most likely to have the lowest tracking error? A. ETF 2 B. ETF 3 C. ETF 4 Howie Rutledge is a senior portfolio strategist for an endowment fund. Rutledge meets with recently...
Stosurs statement about quoted bidask spreads is incorrect with respect to the: A. amount of the ongoing order flow in the ETF. B. costs and risks for the ETF liquidity providers. C. amount of...

The stock in Up-Towne Movers is selling for $44.80 per share. Investors have a required return of

Question:

Expert Answer:

ke 93 g 37 P0 4480 ke D1P0 g 0... View the full answer

Fundamentals of Financial Management

Students also viewed these finance questions