Accountants-R-Us billed clients for 2,000 hours of work for the year ending today, 8/12/2020, at $120.00/hour. Other
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Accountants-R-Us billed clients for 2,000 hours of work for the year ending today, 8/12/2020, at $120.00/hour. Other information for the year: Operating Costs $100,000.00 Interest Payment 5% (on $60,000 Debt) Profits Tax Rate 25% Dividend Payout Ratio 60% Owners’ Equity throughout the year was $500,000. What is the price per share if, instead, investors believe the company will pay that dividend for the next three years only and at the end of the third year, the company returns the book value per share to each shareholder? For this, use a discount rate of 15%.
Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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