(b) Malindi Kenya Limited a listed company at the Nairobi Securities Exchange (NSE) has the following...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
(b) Malindi Kenya Limited a listed company at the Nairobi Securities Exchange (NSE) has the following capital structure for the year ended 31.12.2022 Capital and Liabilities Kshs Ordinary shares Kshs 20 each; 4,000,000shares 80,000,000 12% preference shares of Kshs 1,000 each; 50,000 shares 50,000,000 Retained earnings 100,000,000 40,000,000 15% Loan from a Bank 30,000,000 16% debentures of Kshs 1,000 each; 30, 000 debentures The company paid a dividend of Kshs 20 on ordinary shares and the shares are currently trading at Kshs 150 at Nairobi Securities Exchange (NSE). The firm has 10% ordinary dividend growth policy. The 12% preference shares are currently trading at Kshs 1,300 per (b) Malindi Kenya Limited a listed company at the Nairobi Securities Exchange (NSE) has the following capital structure for the year ended 31.12.2022 Capital and Liabilities Kshs Ordinary shares Kshs 20 each; 4,000,000shares 80,000,000 12% preference shares of Kshs 1,000 each; 50,000 shares 50,000,000 Retained earnings 100,000,000 40,000,000 15% Loan from a Bank 30,000,000 16% debentures of Kshs 1,000 each; 30, 000 debentures The company paid a dividend of Kshs 20 on ordinary shares and the shares are currently trading at Kshs 150 at Nairobi Securities Exchange (NSE). The firm has 10% ordinary dividend growth policy. The 12% preference shares are currently trading at Kshs 1,300 per
Expert Answer:
Posted Date:
Students also viewed these finance questions
-
Data set: Daily saturated fat intakes (in grams) of 20 people Construct a cumulative frequency distribution and an ogive for the data set using six classes. Then describe the location of the greatest...
-
Solids soaked with liquid hexane are dried by being contacted with nitrogen at an elevated temperature. The gas stream leaving the dryer is at 80?C, 1 atm absolute and 50% relative saturation. (a)...
-
The products of combustion enter a nozzle of a jet engine at a total pressure of 18 lbf/in 2, and a total temperature of 1200 F. The atmospheric pressure is 6.75 lbf/in 2. The nozzle is convergent,...
-
Due to the free entry of new firms, long-run economic profits in monopolistic competition are _________.
-
In 2001, Gauldin and Corn entered into a partnership for the purpose of raising cattle and hogs. The two men were to share equally all costs, labor, losses, and profits. The business was started on...
-
the checkbox control can be added to a form with no further modifications required
-
While buying a new car, Ryan made a down payment of $1,200 and agreed to make month-end payments of $320 for the next 3 years and 6 months. She was charged an interest rate of 4% compounded...
-
The current euro/US dollar exchange rate is 1:$2.Company a Eurozone company, makes a $1,000 sale to a US customer on credit. By the time the customer pays, the euro has strengthened by 20%. What will...
-
Standard price or hours or rate Direct materials 5 tons P3.00 Direct labor 4 hours P7.00 During the month, 8,700 hours of labor were used at P7.20 per hour to produce 2,200 units of product. The...
-
Debbie purchased 15 bonds of ABC Company with a coupon rate of 8 1/8% bonds with a maturity date of 2015. She paid a commission of $6 per bond. The bonds were priced at 105.25. What was her total...
-
Explain any five distinction between a Mutual Fund Company and a Venture Capital Company 2. How do you differentiate the primary market from the secondary market? ( List out any five distinction...
-
Identify and explain two components of capital adequacy standards for depository institutions that do not depend on credit risk adjusted value of the institution's assets. What is a brief explanation...
-
A mechanism by which CPU control is transferred from one process to another.
-
Wholesalers Ltd. deals in the sale of foodstuffs to retailers. Owing to economic depression, the firm intends to relax its credit policy to boost productivity and sales. The firms current credit...
-
Place the following budgets in the order that they would normally be prepared: 1. Direct materials budget 2. Production budget 3. Manufacturing overhead budget 4. Capital expenditures budget 5. Cash...
-
All of the following are advantages of budgeting except: a. Helps management ensure that operating activities will help achieve the overall corporate strategy. b. Provides guidance to mid-level...
-
Environmental Business Consultants, LLC (EBC) has been approached by Terrabean Cof- fee, a large retail coffee company with 5,000 shops across North America. to manage Ter- rabean Coffee's waste...
Study smarter with the SolutionInn App