subject
Business, 24.03.2020 23:52 darius7967

Gilmore, Inc., just paid a dividend of $3.30 per share on its stock. The dividends are expected to grow at a constant rate of 4.5 percent per year, indefinitely. Assume investors require a return of 9 percent on this stock. What is the current price? (Do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) Current price $ What will the price be in six years and in thirteen years? (Do not round intermediate calculations and round your answers to 2 decimal places, e. g., 32.16.)

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 20:30
1. gdp is calculated by summing consumption, investment, and exports of all final goods and services produced within the borders of a given country during a specific period the dollar value of all final goods and services produced within the borders of a given country during a specific period government expenditures within the borders of a given country during a specific period the quantity of all final goods and services produced within the borders of a given country during a specific period
Answers: 3
question
Business, 22.06.2019 11:10
Yowell company granted a sales discount of $360 to a customer when it collected the amount due on account. yowell uses the perpetual inventory system. which of the following answers reflects the effects on the financial statements of only the discount? assets = liab. + equity rev. − exp. = net inc. cash flow a. (360 ) = na + (360 ) (360 ) − na = (360 ) (360 ) oa b. na = (360 ) + 360 360 − na = 360 na c. (360 ) = na + (360 ) (360 ) − na = (360 ) na d. na = (360 ) + 360 360 − na = 360 na
Answers: 1
question
Business, 22.06.2019 11:50
After graduation, you plan to work for dynamo corporation for 12 years and then start your own business. you expect to save and deposit $7,500 a year for the first 6 years (t = 1 through t = 6) and $15,000 annually for the following 6 years (t = 7 through t = 12). the first deposit will be made a year from today. in addition, your grandfather just gave you a $32,500 graduation gift which you will deposit immediately (t = 0). if the account earns 9% compounded annually, how much will you have when you start your business 12 years from now?
Answers: 1
question
Business, 22.06.2019 20:00
If an investment has 35 percent more nondiversifiable risk than the market portfolio, its beta will be:
Answers: 1
You know the right answer?
Gilmore, Inc., just paid a dividend of $3.30 per share on its stock. The dividends are expected to g...
Questions
question
English, 26.02.2021 09:00
question
Physics, 26.02.2021 09:00
question
Mathematics, 26.02.2021 09:00
question
Mathematics, 26.02.2021 09:00
question
Mathematics, 26.02.2021 09:00
Questions on the website: 13722360