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You are considering an investment in Justus Corporation's stock, which is expected to pay a dividend of $1.50 a share at the end of the year (D1 = $1.50) and has a beta of 0.9. The risk-free rate is 4.9%, and the market risk premium is 4.5%. Justus currently sells for $23.00 a share, and its dividend is expected to grow at some constant rate, g. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the question below.
Open spreadsheet
Assuming the market is in equilibrium, what does the market believe will be the stock price at the end of 3 years? (That is, what is ?) Round your answer to two decimal places. Do not round your intermediate calculations.
Wang Company had the following transactions during 2016: Sales of $10,800 on an account; What is Wang net income using accrual accounting
The Morris Corporation has $600,000 of debt outstanding, and it pays an interest rate of 8% annually. Morris's annual sales are $3 million, its average tax rate
If the rate of interest available is 9%, how much do you need to invest today in order to live comfortable during your retirement? What if rates are only 4.5%
On September 1, Boylan Office Supply had an inventory of 35 calculators at a cost of $13 each. The company uses a perpetual inventory system. During September, the following transactions occurred. 14 Granted credit of $41 to Lee Book Store for the re..
What is the equivalent annual annuity for each machine? Do not round intermediate calculations. Round your answers to the nearest dollar
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The company earned $75,000 during the first year, and distributed $30,000 to shareholders as dividends. How much did shareholders initially invest in business?
Oct. 10 Buyer returned to Urquhart Company unacceptable merchandise that had an invoice price of $600. Urquhart receives them one day later and restores them to inventory. The returned goods had cost Urquhart $400.
How the business can use the tool to improve business decision capabilities and financial results. Include examples to support your explanations.
Total cash receipts for the evening totaled $9,000.00. What was the motor lodge's average daily rate (ADR) for that particular evening?
If caterpillar does purchase the 5,000 shares as treasury share, what will be the number of shares authorized, issued, and outstanding.
On July 1, 2016, Alpha Company negotiated the purchase of a new piece of equipment with the seller Zulu Company. The equipment was list for $200,000. Smooth talking Alpha was able to negotiate the purchase price and acquired the equipment at $180,000..
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