Delta Company has 100,000 shares outstanding and plans to pay $1.00 per share in dividends each quarter
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Delta Company has 100,000 shares outstanding and plans to pay $1.00 per share in dividends each quarter next year. Delta has a capital budget of $700,000 for next year and plans to maintain its present debt ratio of 0.30. If earnings are expected to be $7.20 per share, how much external equity must Delta raise?
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No of Shares outstanding 100000 shares Dividend per share 400 Earnings per share 720 Debt Ratio ...View the full answer
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