Just Tin Coatings has had the following pattern of earnings per share over the last five...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Just Tin Coatings has had the following pattern of earnings per share over the last five years: Year 20XU 20XV 20XW 20XX 20XY Earnings per Share $2.00 2.18 2.28 2.42 2.62 The earnings per share have grown over this period and will continue to do so in the future in the same general fashion. Dividends represent 30 percent of earnings. a. Project earnings and dividends for the next year (20XZ). (Round the growth rate percentage values to 1 decimal place. Do not round any other intermediate calculations. Round your answers to 2 decimal places.) Earnings Dividend ta ta $ $ 20XZ b. If the required rate of return is 12 percent, what is the anticipated share price at the beginning of 20XZ? (Round the growth rate percentage values to 1 decimal place. Round other intermediate calculations to 2 decimal places. Round your answer to 2 decimal places.) Anticipated stock price $ Just Tin Coatings has had the following pattern of earnings per share over the last five years: Year 20XU 20XV 20XW 20XX 20XY Earnings per Share $2.00 2.18 2.28 2.42 2.62 The earnings per share have grown over this period and will continue to do so in the future in the same general fashion. Dividends represent 30 percent of earnings. a. Project earnings and dividends for the next year (20XZ). (Round the growth rate percentage values to 1 decimal place. Do not round any other intermediate calculations. Round your answers to 2 decimal places.) Earnings Dividend ta ta $ $ 20XZ b. If the required rate of return is 12 percent, what is the anticipated share price at the beginning of 20XZ? (Round the growth rate percentage values to 1 decimal place. Round other intermediate calculations to 2 decimal places. Round your answer to 2 decimal places.) Anticipated stock price $
Expert Answer:
Answer rating: 100% (QA)
Earnings Dividends Growth rate EPS of any year EPS of p... View the full answer
Related Book For
Foundations of Financial Management
ISBN: 978-1259277160
16th edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
Posted Date:
Students also viewed these general management questions
-
Rick's Department Stores has had the following pattern of earnings per share over the last five years: Year .....................Earnings per Share 2011 .........................$4.00 2012...
-
Justin Cement Company has had the following pattern of earnings per share over the last five years: YearEarnings per Share 2006 ............. $5.00 2007 ............5.30 2008 ............5.62 2009...
-
Justin Cement Company has had the following pattern of earnings per share over the last five years: Year........Earnings per Share 20X1..........................$5.00...
-
An arm ABC lying in a horizontal plane and supported at A (see figure) is made of two identical solid steel bars AB and BC welded together at a right angle. Each bar is 20 in. long. Knowing that the...
-
On January 1 Kreitzer Company issued $300,000, 7%, 10-year bonds at face value. Interest is payable annually on January 1. Instructions Prepare journal entries to record the following events. (a) The...
-
Think about a voluntary contribution game with 9 players, in which each player receives 20 tokens. Suppose M = 0.2 (where M is the rate at which the common pool increases when a player contributes to...
-
The "principal" of a note receivable refers to: a. the present value of the note. b. the amount of cash borrowed. c. the financing company that is lending the money. d. the amount of interest due.
-
Presented below is information from Perez Computers Incorporated. July 1 Sold $20,000 of computers to Robertson Company with terms 3/15, n/60. Perez uses the gross method to record cash discounts. 10...
-
v learn.hawkeslearning.com C + M M Sent Mail - dwalla39@uncc.edu - UNC Charlotte Mail 3.5 Absolute Maximum and Minimum Lesson 3.5 Absolute Maximum and Minimum Certify... Painful Sensations Liked. +...
-
2. Firm ABC has based on nominal interest rate to compute and pay the interest payment because of its debt amount. Moreover, the firm has purchased an asset and use the Double Declining Balance Model...
-
A "teeter-totter" (or "see-saw" if you prefer) has a 50 lb childsitting at one end, 10 ft. from the center pivot point (fulcrum).How far from the center point should a 125 lb. adult sit in orderto...
-
Determine the product of inertia for the shaded area with respect to the x and y axes. L=1.65in. 1 in. 2L x
-
Watch the video, "The Other Side of Outsourcing" by Thomas Friedman https://www.youtube.com/watch?v=0G_p6oO8yAw and answer the following questions concerning outsourcing to India. How are the call...
-
A bond portfolio named VEX comprises four bonds (face value=$1000): 1) 100 semi-annual bond, 5-year maturity, a coupon rate of 4% 2) 200 annual bonds, 30-year maturity, 8% coupon bond. 3) 300...
-
Journalize the transactions. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Aug. 1, 202X: Paid 2 months' rent in advance, $7,000. Date Aug....
-
Image Solutions operates a printing service for customers with digital cameras. The current service, which requires employees to download photos from customer cameras, has monthly operating costs of...
-
We are going to buy a new machine for 400 000 It will have a salvage value in 5 years of 75 000 At an interest rate of 6 what is the annual worth of this machine 81 165 O 83 999 90 678 97 768
-
Per Bag Direct materials: 25 pounds of CWhiz-2000 @ $0.08/lb. = $ 2.00 Direct labor: 0.05 hour @ $32.00/hr. = $ 1.60 The company manufactured 100,000 bags of Cheese-Be-Good in December and used...
-
In January 2007, the Status Quo Company was formed. Total assets were $544,000, of which $306,000 consisted of depreciable fixed assets. Status Quo uses straight-line depreciation of $30,600 per...
-
Delsing Canning Company is considering an expansion of its facilities. Its current income statement is as follows: Sales................................................................$5,500,000...
-
You will receive $6,800 three years from now. The discount rate is 10 percent. a. What is the value of your investment two years from now? Multiply $6,800 by or divide by 1.10 (one years discount...
-
Talias Tutus bought a new sewing machine for $40,000 that will be depreciated using the MACRS depreciation schedule for a 5-year recovery period. a. Find the depreciation charge each year. b. If the...
-
Sec uses 60 000 tons of salt over a 50-week working year. It costs 100 to order salt and delivery follows two weeks later. Storage costs for the salt are expected to be 0.10 per ton per year. The...
-
Calculate the following values assuming a discount rate of 12 per cent: (a) 500 compounded for five years; (b) the present value of 500 to be received in five years time; (c) the present value of 500...
Study smarter with the SolutionInn App