Question: Excel Hydro Inc. has just issued dividends at $2 per share. There are 500,000 shares outstanding. The recently released Income statement shows net earnings of

Excel Hydro Inc. has just issued dividends at $2 per share.

There are 500,000 shares outstanding. The recently released Income statement shows net

Excel Hydro Inc. has just issued dividends at $2 per share. There are 500,000 shares outstanding. The recently released Income statement shows net earnings of $1200,000. Dividends will grow at the rate of 10% for the next four years. The required rate of return is 12%. 9. What is the minimum number of bonds they must sell to raise the $6.2 million they need

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