Pharsalus Inc. just paid a dividend (i.e., D0) of $ 2.49 per share. This dividend is expected

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

Question:

Pharsalus Inc. just paid a dividend (i.e., D0) of $ 2.49 per share. This dividend is expected to grow at a rate of 3.4 percent per year forever. The appropriate discount rate for Pharsalus's stock is 12.4 percent. What is the price of the stock?

Related Book For answer-question

Financial statements

ISBN: 978-007802531

5th Edition

Authors: Stephen Barrad

See More Books

Posted Date: Feb 16, 2022 01:50 AM

See More Questions

A firm's earnings are expected to grow at a rate equal to the required rate of return for its equity, 12 percent. What is the trailing P/E ratio? What is the forward P/E ratio?
The Aldridge Co. is expected to grow at 6% into the indefinite future. Its latest annual dividend was $2.50. Treasury bills currently earn 7% and the S&P 500 yields 11%. a. What price should Aldridge...
Triton Inc., is expected to grow at a rate of 22 percent for the next five years and then settle to a constant growth rate of 6 percent. The company recently paid a dividend of $2.35. The required...
International Markets Project You have been hired as a globalization specialist by Kwik-E-Mart. Kwik-E-Mart is a large retailer that has outgrown its domestic market and seeks to expand its...
Design an interview schedule to assess the Intellectual capital as perceived by employees in an organization after identifying the dimensions and elements.
Repeat the previous problem, only assuming that defaults are perfectly correlated. In previous problem Suppose that in Figure 27.6 the tranches have promised payments of $160 (senior), $50...
As the statistician on a multidisciplinary research team, you are asked to create a randomization scheme to assign three treatments A, B, and $\mathrm{C}$, to 150 units in blocks of 6 . The scheme...
Sven Olaf just began working as a cost accountant for COLD industries Inc., which manufactures gift items. Sven is preparing to record summary journal entries for the month. Sven begins by recording...
56. Calculate the current carried in a 175-turn circular loop 18.0 cm in diameter to create a maximum torque of 27 Nm if the strength of the magnetic field in which the loop rotates is 1000 times...
Background: SO MUCH CANDY DATA, SERIOUSLYCandy hierarchy data for 2017 Boing Boing Halloween candy hierarchy. This is survey data over the span of 4-years. The data is split into 4 separate files....
Read the case study about Dunkin Donuts operating system and write a paper on it
The City of Malcolm has a recreation center that is partially supported by the arnings from a nonexpendable trust, the Joshua Malcolm Endowment Fund (named after its benefactor). The principal of the...
dx dt dy dt rewrite the specified linear system in matrix form. dp = 2x + y = x + y dx dt dy dt = 3y = 3y - 0.3x = dt dq dt dr dt = 3p-2q - 7r = = -2p+6r = 7.3g+2r
PMAB acquires 100 percent of the shares in the subsidiary DB in March 31, 20x2. The purchase price is 320. The book value of equity at the purchase date in DB is 184. Of the difference between the...
Given below is the projection table of TWO (2) project expenses and benefits with the discount rate of 10% under the consideration of PLV Sdn. Bhd. PLV Sdn. Bhd. is a multinational company that...
Linearize the following nonlinear systems. 1.- y = cos(5x - 2) ; 2.- y = 2x+3x1x2. 5xix 3.- y = sen (3x1 * x + x); 4.- y = e(**); x = 10 X = x = 1 x = 5, x = x = 1 X = 10
Question 1 1 : What was the reason for this successful attack? What was the vulnerability ( ( Flaw or weakness that allows a threat agent to bypass security ) ? ) ? Question 2 2 : Attack surfaces...
Derive Eq. (18.33) from Eq. (18.32).
PepsiCo, the beverage and food conglomerate, reported net income of $4,212 million for 2004 and $5,054 million in (levered) cash flow from operations. How much of the net income reported was...
The Coca-Cola Company reported "Net cash provided by operating activities" of $7,150 million in its 2007 cash flow statement. It also reported interest paid of $405 million and interest income of...
Should a shareholder be indifferent between selling her shares on the open market and selling them to the firm in a stock repurchase?
The first three energy levels $E(\mathrm{eV})$ of the fictitious element $\mathrm{X}$ are $\ldots . . \ldots$ shown in Figure P29.56. a. What wavelengths are observed in the absorption spectrum...
A sodium atom in the $3 p$ state emits a photon, decreasing the energy of the atom by $2.10 \mathrm{eV}$. By how much does the orbital angular momentum of the atom change? Does it increase or...
Assume instead that the spot exchange rate between the dollar and Swiss franc is a fixed or pegged rate within a narrow band around a central rate. For each change shown in Problem 9, assume that...

Pharsalus Inc. just paid a dividend (i.e., D0) of $ 2.49 per share. This dividend is expected

Question:

Expert Answer:

Dividend per Share D0 24... View the full answer

Financial statements

Students also viewed these finance questions