What is the current share price

Reference no: EM13260263

Yang Corp. is growing quickly. Dividends are expected to grow at a rate of 28 percent for the next three years, with the growth rate falling off to a constant 7.4 percent thereafter. Required: If the required return is 16 percent and the company just paid a $3.45 dividend, what is the current share price? (Hint: Calculate the first four dividends.) (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Current share price $

Reference no: EM13260263

Questions Cloud

Demonstrate at least two arithmetic features : Demonstrate at least two arithmetic features and Auto text features of WORD.

What are key managerial skills and competencies : What are key managerial skills and competencies? Explain how they vary across management levels.

Write identifying and describing how information is used : 1. Write, identifying and describing how information is used and how it flows in an organization

What coupon rate should the company set : Coccia Co. wants to issue new 16-year bonds for some much-needed expansion projects. The company currently has 8 percent coupon bonds on the market that sell for $1,065, make semiannual payments, and mature in 16 years.

What is the current share price : what is the current share price? (Hint: Calculate the first four dividends.) (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Current share price $

Deletions in a separate chaining hash table : A large number of deletions in a separate chaining hash table can cause the table to be fairly empty, which wastes space. In this case, we can rehash to a table half as large.

What is the future value : To save for her newborn son's college education, Lea Wilson will invest $1,000 at the beginning of each year for the next 18 years. The interest rate is 12 percent. What is the future value?

Business requirements drove the system''s initial development : Discuss how the business requirements drove the system's initial development. Describe the type and basic uses of the system, how the system has helped the organization, and any likely future development plans.

Between interpersonal roles-informational roles : Between Interpersonal roles, Informational roles and Decisional roles which of roles following from this list are more important than others? How so?

User Account

All Pages