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Question
On January 1, Guillen Corporation had 92,500 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following occurred.Apr.1 Issued 28,500 additional shares of common stock for $16 per share.June15 Declared a cash dividend of $3 per share to stockholders of record on June 30.July10 Paid the $3 cash dividend.Dec.1 Issued 1,500 additional shares of common stock for $18 per share.15 Declared a cash dividend on outstanding shares of $3.20 per share to stockholders of record on December 31.Prepare the entries, on each of the three dividend dates. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Prepare an adjusted trial balance. Prepare a post-closing trial balance. Prepare closing entries.
The Garden Shoppe has adopted a policy of increasing the annual dividend on its common stock at a constant rate of 1.65 percent annually. The firm just paid an annual dividend of $1.84. What will the dividend be eight years from now?
If the firm's investors expect to earn a return of 12% on this stock, what must be its price? Do not round intermediate calculations.
If the required return on Argaiv preferred stock is 6 percent, and if Argaiv pays its next dividend in one year, what is the market price of the preferred stock today?
The S&P 500 Index price is 1925.28 and its annualized dividend yield is 2.40%. LIBOR is 3%.
A 6.10 percent coupon bond with ten years left to maturity is priced to offer a 7.2 percent yield to maturity. You believe that in one year (aka 9), the yield to maturity will be 7.0 percent. What is the change in price the bond will experience in do..
See the Treasury Yield Curve from June 2013 below. Based on the Yield Curve, can you tell whether the bond market was concerned about inflation? Explain.
Lawsuit risk is one of the three major risks attitudes that prevail in our lives
Compute the intrinsic value of the stock. What is the intrinsic value of the stock?
Your firm is planning to issue preferred stock. What is the cost of capital for the stock to your firm?
Company XYZ has spent $250,000 to develop new product – smart beehive. What is the payback period of the project? What is the profitability index of project.
A $1,000 corporate bond with 10 years to maturity pays a coupon of 8% (semi-annual) and the market required rate of return is a) 7.2% and b) 10%. What is the current selling price for a) and b)?
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