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On December 31, 2017, Merlin Company had outstanding 400,000 shares of common stock and 40,000 shares of 8% cumulative preferred stock (par $10). On February 28, 2018, Merlin issued an additional 36,000 shares of common stock. A 10% stock dividend was declared and distributed on July 1, 2018. On September 1, 2018, 9,000 shares were retired. At year-end, there were fully vested incentive stock options outstanding for 30,000 shares of common stock (adjusted for the stock dividend). The exercise price was $18. The market price of the common stock averaged $20 during the year. Also outstanding were $1,000,000 face amount of 10% convertible bonds issued in 2015 and convertible into 50,000 common shares (adjusted for the stock dividend). Net income was $900,000. The tax rate for the year was 40%. Required: Compute basic and diluted EPS (rounded to 2 decimal places) for the year ended December 31, 2018.
Mr. Prashant Gupta is interested in investing in equity shares of Infosys and Hamdard. - Compute the Beta and interpret it for Prashant. Examine different circumstances with analysis of data.
Suppose your company is expected to grow at a constant rate of 6 percent long into the future. In addition, its dividend yield is expected to be 8 percent. If your company expects to pay a dividend equal to $1.06 per share at the end of the year, wha..
We know the following about Bob & Co. Total assets are $1000m, E is $700m, cash is $500m and the # of shares is 1m. We estimate that the market value of equity is 2 times the book value of it. Finally, a fire sale of the firm would bring 70% of the v..
You need some money today and the only friend you have that has any is your ‘miserly' friend. He agrees to loan you the money you need, if you make payments of £20 a month for the next six months. In keeping with his reputation, he requires that the ..
A company is purchasing a new machine which will cost $130,000 with additional shipping costs of $5,000 and set up and installation costs of $12,000. An additional $8,000 in Net Working Capital will be required. Calculate the Initial Outlay (startup ..
Calculate the variances and the standard deviations for Cherry and Straw.
Consider two bonds, Bond C and Bond D, both with a yield to maturity of 9 percent and with 5 years to maturity. What is the price of each bond?
Discuss how inventory management is also relevant within a supply chain context. How would you implement multi-tier inventory management?
What is the market interest rate on Jana's debt and what is the component cost of this debt for WACC purposes?
The following annual inflation rates have been forecast for the next 4 years Year 1, 3% inflation, Year 2, 4% inflation, Year 3. 6% inflation, Year 4. 8%, Use the average annual inflation rate and 3 percent real rate to calculate the appropriate cont..
How much will the Jallibee Corporation's total earnings after the acquisition______.
Given the P/E ratio, the book value, and beta considerations, is the stock over-priced, under-priced, or just right? Should they be paying a dividend?
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