You own preferred shares of Magnetron Incorporated, which provide you with a constant 12 55 rate of return The shares are currently priced at $36 90 a share What is the amount of the dividend per share ...

To calculate the dividend per share we can use the formula ...

You own preferred shares of Magnetron Incorporated, which provide you with a constant 12.55% rate of return.

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

Question:

You own preferred shares of Magnetron Incorporated, which provide you with a constant 12.55% rate of return. The shares are currently priced at $36.90 a share. What is the amount of the dividend per share?

Related Book For answer-question

Corporate Financial Management

ISBN: 978-0273758839

5th edition

Authors: Glen Arnold

See More Books

Posted Date: Feb 20, 2024 06:04 AM

See More Questions

Halumi Company has a common stock issue outstanding.The common shares are selling for $35 and just paid a $3 dividend. If you expect a 2.75% dividend growth rate, the rate of return you would earn if...
1.Hope Corporation bonds bearing a coupon rate of 12%, pay coupons semiannually, have 3 years remaining to maturity, and are currently priced at $940 per bond. What is the yield to maturity? 2....
You are required to study the information provided below concerning a Namibian listed company called Deep Yellow Limited, that operates in the mining industry. You should compile a report based on...
The current zero-coupon yield curve of semi-annually compounded rates for risk-free bonds is as follows: 1.0 Years 1.5 Years 2.0 Years 2.5 Years 3.0 Years 9.00% 10.20% 3.00% 4.00% 6.20% MATURITY 0.5...
Sherbrooke Toboggan Company manufactures toboggans for the Canadian market. The product goes through three manufacturing processes: forming, sealing, and assembly. In the forming department, the wood...
Palm delivers its products to locations around the world. List three controllable and three uncontrollable costs for its delivery department.
Verify that both the pressure and the vorticity field satisfy the Laplace equation for Stokes flow. Verify that the velocity field satisfies the biharmonic equation \[\begin{equation*}abla^{4}...
Use the Access_Practice.accdb database to complete the following tasks in Access. a. The database contains three tables containing information about this companys sales process: Inventory, Sales, and...
Assume a 10-year Treasury bond has a coupon rate of 3.2 % and par value of $1000, and yield to maturity of 2%. Is this bond selling at a premium or discount? Explain why?
A company has the following data relating to two products that require skilled labour. Currently there is a shortage of labour and has to prioritise one product to maximise profit until more labour...
How do the concepts of marketplaces, marketspaces and meta-markets are practices by different industries?
1. What can a company do to make sure it is using the best recruiting method? a. Evaluate the effectiveness of its recruitment efforts. b. Pick the recruitment method that works for other...
Personal Development 1. Make a list of passions, interests, school subjects you like, and hobbies that you wish co be a career. 2. Examine to see if there are any patterns in question #1. What are...
The following Information is available for the year ended December 31 Beginning raw materials inventory $ 12,000 Raw materials purchases 88,000 Ending raw materials inventory 11,400 Advertising...
What is ancient greece and what are somethings about ancient greece what do they do there and what do they eat?
Each of these reaction produces ONE MAJOR PRODUCT. In each case, draw this product in the box provided, including appropriate stereochemistry when applicable. For multi-step reactions, just give the...
Ball bearings are widely used in industrial applications. You work for an industrial food machinery manufacturer and your role is to design the driveshaft assembly on a new type of equipment that...
Diversified plc is trying to introduce an improved method of assessing investment projects using discounted cash flow techniques. For this it has to obtain a cost of capital to use as a discount...
The returns from a project are normally distributed with a mean of 220,000 and a standard deviation of 160,000. If the project loses more than 80,000 the company will be made insolvent. What is the...
Tented plc has developed a new tent which has had rave reviews in the camping press. The company paid a dividend of 11p per share recently and the next is due in one year. Dividends are expected to...
Nestls financial statements are presented in Appendix B. Financial statements of Delfi Limited are presented in Appendix C. Instructions Refer to the financial statements and answer the following...
Writing Financial statement information about four different companies is as follows. Instructions a. Determine the missing amounts. (Hint: For example, to solve for (a), Assets Liabilities = Equity...
The financial statements of TSMC are presented in Appendix A. The complete annual report, including the notes to the financial statements, is available at the companys website. Instructions Refer to...

You own preferred shares of Magnetron Incorporated, which provide you with a constant 12.55% rate of return.

Question:

Expert Answer:

To calculate the dividend per share we can use the formula ... View the full answer

Corporate Financial Management

Students also viewed these finance questions