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General Manufacturing Company (GMC) follows a policy of paying out 30% of its net income as dividends to its shareholders each year. The company plans to do so again this year, during which GMC earned $100 million in net profits after tax. The company has 35 million shares outstanding.
What is the company's dividend payment per share this year? Round your answer to two decimal places.
$
Assuming that GMC's stock price is $54 per share immediately before its ex-dividend date, what is the expected price of GMC stock on the ex-dividend date if there are no personal taxes on dividend income received? Round your answer to two decimal places.
The Francis Company is expected to pay a dividend of D1 = $1.25 per share at the end of the year, and that dividend is expected to grow at a constant rate of 6.00% per year in the future. The company's beta is 1.15, the market risk premium is 5.50%, ..
Which of the following statements regarding capital budgeting criteria is INCORRECT?
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IP Phone, Inc. plans to borrow $80,000,000 for 6 months, three months from now. (In other words, the firm will be getting a 6-month loan in December.) The interest rate on the loan will be LIBOR + 0.75%, but the company is concerned about potential c..
Hoyes Lumber generally receives three checks a month in the amounts of $1,200, $1,650, and $2,200. The $2,200 check has a two-day collection delay while the others have a one-day delay. Given this information, what is the amount of the average daily ..
Albrecht Inc. is a no-growth firm whose sales fluctuate seasonally, causing total assets to vary from $310,000 to $410,000, but fixed assets remain constant at $260,000. If the firm follows a maturity matching (or moderate) working capital financing ..
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