Business, 25.11.2021 14:00 jaircepeda053
Harris Corporation has $407 million in cash, and 116 million shares outstanding. Suppose the corporate tax rate is 32% and investors pay no taxes on dividends, capital gains, or interest income. Investors had expected Harris to pay out the $407 million through a share repurchase. Suppose instead that Harris announces it will permanently retain the cash, and use the interest on the cash to pay a regular dividend. If there are no other benefits of retaining the cash, how will Harris' stock price change upon this announcement?
Answers: 3
Business, 22.06.2019 16:00
Arnold rossiter is a 40-year-old employee of the barrington company who will retire at age 60 and expects to live to age 75. the firm has promised a retirement income of $20,000 at the end of each year following retirement until death. the firm's pension fund is expected to earn 7 percent annually on its assets and the firm uses 7% to discount pension benefits. what is barrington's annual pension contribution to the nearest dollar for mr. rossiter? (assume certainty and end-of-year cash flows.)
Answers: 2
Business, 22.06.2019 16:20
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Explain id there is excess supply or demand of goods at the equilibrium price and why? in sentences
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Harris Corporation has $407 million in cash, and 116 million shares outstanding. Suppose the corpora...
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