E-Eyes.com has a new issue of preferred stock it calls 20/20 preferred. The stock will pay a
Question:
E-Eyes.com has a new issue of preferred stock it calls 20/20 preferred. The stock will pay a $20 dividend per year, but the first dividend will not be paid until 20 years from today. If you require a return of 7.3 percent on this stock, how much should you pay today?
DividendA dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 44% (9 reviews)
Here we have a stock that pays no dividends for 20 years ...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Essentials of Corporate Finance
ISBN: 978-1260013955
10th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
Question Posted:
Students also viewed these Business questions
-
A corporation is considering a new issue of convertible bonds. Management believes that the offer terms will be found attractive by 20% of all its current stockholders. Suppose that this belief is...
-
The BB Corporation has one issue of preferred stock and one issue of common stock outstanding. Given the BB stockholder's equity that follows, calculate the original price per share that the firm...
-
Here and After Corporation plans a new issue of preferred stock. Similar risk stock currently offers an annual return to investors of 18.0%. The company wants the stock to sell for $743.00 per share....
-
Refer to the Webers Data Set above. 1. Compute the direct materials efficiency variance for onion, mustard, and ketchup. 2. As a manager, what would you learn from the variances and supporting data?...
-
White-eyed flies have a lower survival rate than red-eyed flies. Based on the data in Figure 3.18, what percentage of white-eyed flies survived compared with red-eyed flies, assuming 100% survival of...
-
State whether the following are true or false Emphasis of matter reports are not a modification of opinion but merely draw attention to some disclosure in the financial statements True/False Negative...
-
Thomas Rusnack and his then-wife, Analisa Rusnack, opened a home equity line of credit (HELOC) with Cardinal Bank in August 2003. Between 2003 and 2006, the Rusnacks periodically drew on the HELOC...
-
Robin Shalit, D.D.S., opened a dental practice on January 1, 2014. During the first month of operations, the following transactions occurred. 1. Performed services for patients who had dental plan...
-
Imagine that you lend $5,000 to a friend at 7%, and say, "Pay me back when you get a job." Five years later, your friend gets a job and pays you back. Your friend assumed that you meant simple...
-
Match the following and select the correct option. Height of Binary search tree(in worst o([log ]-1) 1 a (2n+1) case) Height of Ternary tree b O(n) Height of B-tree(when c minimum degree, -2) (log,...
-
The stock price of Alps Co. is $67. Investors require a return of 10.5 percent on similar stocks. If the company plans to pay a dividend of $4.25 next year, what growth rate is expected for the...
-
Cape Corp. will pay a dividend of $2.64 next year. The company has stated that it will maintain a constant growth rate of 4.5 percent a year forever. If you want a return of 12 percent, how much will...
-
Consider the U.S. Senate. Find out about the composition of any three of the Senates standing committees. How many different committees of Senators are possible, knowing the party composition of the...
-
Why should we consider affective events theory (AET) when trying to understand work motivation?
-
Comment on worker fexibility, work schedules, and telecommuting in the context of job design.
-
Explain what is meant by self-efcacy and social identity in a motivational context.
-
Your oldest daughter is about to start kindergarten at a private school. Tuition is $30,000 per year, payable at the beginning of the school year. You expect to keep your daughter in private school...
-
Contrast the dual-factor theory approach to job design with that of the job characteristics model.
-
Maribel Ortiz is puzzled. Her company had a profit margin of 10% in 2017. She feels that this is an indication that the company is doing well. Gordon Liddy, her accountant, says that more information...
-
How can NAFTA be beneficial to suppliers of Walmart?
-
Suppose a stock had an initial price of $72 per share, paid a dividend of $1.20 per share during the year, and had an ending share price of $79. Compute the percentage total return.
-
In Problem 1, what was the dividend yield? The capital gains yield?
-
Using the following returns, calculate the arithmetic average returns, the variances, and the standard deviations for X andY. Returns Year 17% 23% 32
-
Suppose the North Carolina University system tests the idea that computerization of statistics classes increases student performance in the courses. If the computers are found to have a beneficial...
-
M. Handy is a self-employed painter who earned $32,400 last year. Her FICA tax rate is 15.3% of her earnings. How much FICA tax did she pay?
-
Using the same iThe Shouldice Hospital specializes in hernia operations. They have a special procedure that not only has a much higher rate of long-term success than other hospitals, but also allows...
Study smarter with the SolutionInn App