Patrol Inc. just paid an annual dividend of $3.00 It has increased its dividends average 1.5% per

Fantastic news! We've Found the answer you've been seeking!

Question:

Patrol Inc. just paid an annual dividend of $3.00 It has increased its dividends average 1.5% per year and is expected to continue doing so. If investors require a return rate of 6% how much its stocks will sell for?

Related Book For answer-question

Statistics for Engineers and Scientists

ISBN: 978-0073401331

4th Edition

Authors: William Navidi

See More Books

Posted Date: Feb 02, 2021 04:45 PM

See More Questions

The following is supposed to be the result of a best subsets regression involving five independent variables X 1 , . . . , X 5 . The two models of each size with the highest values of R 2 are listed....
the 8 is supposed to be a 8.5 2. Can an 8.5" by 12" piece of paper be folded in a manner shown below such that the trapezoidal region on the left has twice the area of the bold highlighted triangular...
A two-year bond with par value $1,000 making annual coupon payments of $93 is priced at $1,000. a. What is the yield to maturity of the bond? (Round your answer to 1 decimal place.) b.What will be...
A utilization greater than one suggests that the mean service time is higher than the mean inter-arrival time. True False QUESTION 3 It costs five times more money to retain a current customer than...
Workwear Station uses a markup on cost of 60% to establish its retail prices. This pricing rule builds in a profit of 25% of cost. What rate of markdown can Workwear Station offer and just break even...
Explain why expenses reported on the government-wide statement of activities for supplies used in conducting governmental activities may differ in amounts from expenditures for the same supplies...
Continuing to focus on evidence associated with the act, concealment, and conversion, use the evidentiary material to continue the examination. In addition, as the examiner also start to think of...
In the past, Judy Holmes's tire dealership sold an average of 1,000 radials each year. In the past two years, 200 and 250, respectively, were sold in fall, 350 and 300 in winter, 150 and 165 in...
Note: Assume all raw materials were used as direct materials. Inventories Raw materials inventory Work in process inventory Finished goods inventory Activity during current year Raw materials...
Calabrese City allocates some indirect or overhead costs to each of its police stations. The city charges each station for common services such as the city food ser-vice and for administrative...
BMC's Failed Expansion in Australia Background Carl Dirkowitz is the CEO of BMC, a U.K.-based discount retailer worth GBP 10 billion. BMC sells general merchandise such as clothing, household items,...
4. The following is from the press announcement of the 2023 Nobel Prize in Economics: KUNGL. VETENSKAPS AKADEMIEN THE ROYAL SMEDSH ACADEMY OF SCIENCES 10 October 2022 The Royal Swedish Academy of...
Research which hospitality companies were better prepared in relation to the global pandemic. Who had a more successful reaction to it? Why? Explore more than take-out orders for restaurants. Explore...
Create a strong persuasive thesis statement that summarizes how social media impact business Which pattern of organization will work best for this topic? Why do you think this pattern of...
identify unfamiliar behavior or ways of communicating that you have found confusing. First, identify five behaviors that culturally different individuals perform and that you have found confusing....
You have been assigned the task of developing a best practices for communicating with technology document for your current company (or one of your choosing). Review the Communicating with Technology...
1. Suppose Sodor was producing and consuming 400 medical care services and 70 consumer goods. A medical care-promoting interest group is pressuring the governor to have Sodor produce and consume 400...
Is the modified 5-question approach to ethical decision making superior to the modified moral standards or modified Past in approach?
The depth of wetting of a soil is the depth to which water content will increase owing to external factors. The article Discussion of Method for Evaluation of Depth of Wetting in Residential Areas...
The lifetime of a microprocessor is exponentially distributed with mean 3000 hours. a. What proportion of microprocessors will fail within 300 hours? b. What proportion of microprocessors will...
A piece of plywood is composed of five layers. The two outer layers are veneers with thickness 0.50 0.02 mm, and the three inner layers each have thickness 6.25 0.05 mm. Assume the thicknesses of...
Which of the following statements about Islamic banking is not true? a. Interest (known as Riba) is prohibited. b. Conventional interest is considered by scholars to result in inequality and...
Which of the following statements is true? a. Murabaha, an equity instrument, is a sales contract in which the asset is sold by the bank to the customer at costplus- profit. b. Salam is a forward...
The relationship between an Islamic bank and its customers is that of a: a. Partner/investor b. Buyer and seller c. Lessor/lessee d. All of the above

Patrol Inc. just paid an annual dividend of $3.00 It has increased its dividends average 1.5% per

Question:

Expert Answer:

Stock Price Today PO Stock P... View the full answer

Statistics for Engineers and Scientists

Students also viewed these finance questions