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Dinklage Corp. has 5 million shares of common stock outstanding. The current share price is $77, and the book value per share is $8. The company also has two bond issues outstanding. The first bond issue has a face value of $60 million, a coupon rate of 6 percent, and sells for 97 percent of par. The second issue has a face value of $30 million, a coupon rate of 7 percent, and sells for 105 percent of par. The first issue matures in 21 years, the second in 4 years. Suppose the most recent dividend was $4.90 and the dividend growth rate is 6 percent. Assume that the overall cost of debt is the weighted average of that implied by the two outstanding debt issues. Both bonds make semiannual payments. The tax rate is 40 percent. What is the company’s WACC?
Weisbro and Sons common stock sells for $25 a share and pays an annual dividend that increases by 3.3 percent annually. The market rate of return on this stock is 11.00 percent. What is the amount of the last dividend paid by Weisbro and Sons?
Hare, Inc., had a cost of goods sold of $43,921. At the end of the year, the accounts payable balance was $7,943. How long on average did it take the company to pay off its suppliers during the year? (Use 365 days a year. Do not round intermediate ca..
You have been asked to calculate the cost of capital for a company with the following information. The company has $7,500,000 in face value bonds, trading at 96.5% of face value. The YTM on these bonds is 5.75%. Given this information, what is the es..
Calculate the loan's annual financing cost. Calculate the loan's annual percentage rate. What is the reason for the difference in your answers to parts a and b?
Review the financial statements,located in the Patton-Fuller Community Hospital Virtual Organization. How did the audited and unaudited financial statements differ
Explain, with an example, how eco-efficiency can be implemented on an individual and a business scale.
$100,000 is invested for 10 years in various investments, during a period when the inflation rate is 4%. The investor is in the 28% Federal and 4% State tax bracket for ordinary income but taxed at a 15% Federal rate for dividend income. What is the ..
If the required reserve is 0.2, the level of deposits is $1,000, the level of currency held by the public is $100, the level of excess reserves is $100, the level of MMF is $1,000 and the level of time deposits is $2,000, then M2 is: Ceteris paribus,..
A U.S.-based multinational bank: Would not have to provide deposit insurance and meet reserve requirements on foreign currency deposits. Would have to provide deposit insurance and meet reserve requirements on foreign currency deposits. Would not hav..
Which one of the following is the prime objective of a residual dividend policy? _______ Maintaining a stable dividend Increasing the dividend at a steady pace Meeting the firm's investment needs Maintaining a stable dividend payout ratio
The appeals court held that Sims did have an easement by prescription across the Moran’s property. Sims asked them to give it to him, but they would not. Why not? The Morans did not own the property for the ten years during which Sims used the drivew..
Stock Y has a beta of .9 and an expected return of 11.2 percent. Stock Z has a beta of 0.5 and an expected return of 7.2 percent. If the risk-free rate is 5.0 percent and the market risk premium is 6.0 percent, the reward-to-risk ratios for stocks Y ..
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