The current dividend of Best Food Org. is $2.31 and is expected to grow at 11.00%...
Fantastic news! We've Found the answer you've been seeking!
Question:
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/6648b789b9327_6096648b7892f58d.jpg)
Transcribed Image Text:
The current dividend of Best Food Org. is $2.31 and is expected to grow at 11.00% for seven years. After the first seven years, the growth rate of the dividends expects to grow at a constant 4.71% into the future. If the cost of equity is 8.6%, what is the number or value that you need to use in CF7 in Excel or Financial Calculator when discounting the cash flow? $135 $121.10 $133.89 $116.30 The current dividend of Best Food Org. is $2.31 and is expected to grow at 11.00% for seven years. After the first seven years, the growth rate of the dividends expects to grow at a constant 4.71% into the future. If the cost of equity is 8.6%, what is the number or value that you need to use in CF7 in Excel or Financial Calculator when discounting the cash flow? $135 $121.10 $133.89 $116.30
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
Q No. 1) a) Construct the Histogram for the following frequency distribution relating to the ages of telephone operators. Age (Years) No. of Operators 10-15 15-20 20-25 25-30 30--35 10 22 17 b)...
-
Kelly made a written contract to sell certain land to Brown and gave Brown a deed to the land. Thereafter, Kelly sued Brown to get back a 20-foot strip of the land. Kelly claimed that before making...
-
1. Deviation indicates the ____________________ of any raw score from the mean. a. distance b. direction c. distance and direction d. frequency 2. A distribution of income is highly skewed. Which...
-
Jill Fargo and Sheila Kain are partners in a business called Fargo and Kain. On December 31 of the current year, the partners' equities are Jill, \($80,000.00\) and Sheila, \($120,000.00.\) The net...
-
Suppose Viacom can issue $100,000,000 of debt at an AIC of 9.42%, whereas Gaz de France can issue $100,000,000 of debt at an AIC of 10.11%. Suppose that the exchange rate is $1.35/. If Viacom issues...
-
2. Determine whether the following statements refer to a sample or a population: k) Inspection of every item that is assembled. l) Favourite instant noodles brand in 50 household in Shah Alam. m) A...
-
An investment will pay you $500 four years from today. The payments will grow 4% annually for next 9 years. If the discount rate is 10%. What is the present value of this investment?
-
Find all eigenvalues and a corresponding eigenvector for each matrix below without cal- culations by thinking it out using the linear transformation's geometric interpretation. Write a few words...
-
After an episode dedicated to weight loss of his popular day time show, Dr. Oz began to see a series of online banners with his picture promoting a meal replacement shake. The banner claims that the...
-
The results of the particle-size analysis of a soil are as follows: Percent passing the No. 10 sieve = 100 Percent passing the No. 40 sieve = 80 Percent passing the No. 200 sieve = 68 The liquid...
-
1. A thin plastic rod of length L and charge Q is lying on an x axis as shown. The rod has a non-uniform linear charge density given by =20 (1- 1-1). A) Find the constant in terms of Q and L. P B)...
-
Audra owns a rental house. She makes mortgage payments of $1.410 per month, which include insurance, and pays $2.880 per year in property taxes and maintenance. Utilities are paid by the renter....
-
Explain why Smiths Custom Framing might favor the ABC job costing system over the simple job costing system, especially in its bidding process.
-
An annual report of The Campbell Soup Company reported on its income statement $2.4 million as equity in earnings of affiliates. Journalize the entry that Campbell would have made to record this...
-
The construction company needs to lease an excavator. The company has the option to lease it with an operating lease or a capital lease with a present value of \($150,000\). Using the spreadsheet you...
-
The ACWP at the end of the second week for the project in Problem 10 is \($37,900\) Determine the CPI for the project. Data From Problem 11: 11. A project consists of six tasks. Task A is scheduled...
-
The financial information through extracted from Granite Construction Incorporateds 2003 annual (10-K) report filed with the Securities and Exchange Commission. Using the financial ratios and the...
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App