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Juggernaut Satellite Corporation earned $19.8 million for the fiscal year ending yesterday. The firm also paid out 30 percent of its earnings as dividends yesterday. The firm will continue to pay out 30 percent of its earnings as annual, end-of-year dividends. The remaining 70 percent of earnings is retained by the company for use in projects. The company has 1.8 million shares of common stock outstanding. The current stock price is $88. The historical return on equity (ROE) of 17 percent is expected to continue in the future.
What is the required rate of return on the stock? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Rate of return %
Newton Kris's plans to give her son $12500 when he is 21 which will be 5 years from now. if Newton finds an investment that will pay 8% compounded semiannually compute the amount that he must invest today to achieve his goal.
Linkup Systems, which provides investors with computerized information about stock prices, is considering the establishment of a lockbox system with its bank. It has just implemented a new system which allows it to extend disbursement by 0.5 days.
K-Too Everwear Corporation can manufacture mountain climbing shoes for $32.05 per pair in variable raw material costs and $23.00 per pair in variable labor expense. The shoes sell for $142 per pair. Last year, production was 120,000 pairs. Fixed cost..
Consider an option on a non-dividend-paying stock when the stock price is $45, the strike price is $42, the risk-free interest rate is 5% per annum, the volatility is 25% per annum, and the time to maturity is five months. Explain how to create a del..
General Mills has a $1,000 par value, 17-year to maturity bond outstanding with an annual coupon rate of 9.72 percent per year, paid semiannually. Market interest rates on similar bonds are 11.60 percent. Calculate the bond’s price today.
Boards of directors may be legally restricted in their declaration of dividends if: A. cash must be borrowed for the dividend payment. B. dividends have increased substantially over a short period of time. C. the dividend would create a situation of ..
Compute the value of a share of common stock of Lexi's Cookie Company whose most recent dividend was $2.50 and is expected to grow at 3 percent per year for the next 5 years, after which the dividend growth rate will increase to 6 percent per year in..
What are some of the limitations of breakeven analysis? How can these limitations affect actual financial decision making?
Which one of the following best defines the term credit scoring?
There does not exist a financial instrument to insure against the default of bonds or asset-backed debt securities. In the case of two random variables, X and Y , that are independent, the variance of X + Y is simply the sum of the variances of both ..
Calculate the expected project length, variance of the critical path, standard deviation of the critical path and the activities along the critical path.
The purchasing agent of a large geotechnical testing firm is trying to decide whether to buy high carbon steel or carbide-tipped drilling tools
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