answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nana76
1 month ago
8

Your firm has preferred stock outstanding that pays a current dividend of $2.00 per year and has a current price of $21.50. Curr

ently, preferred stock makes up approximately 15% of your firm's long-term financing. What is the market required rate of return on your firm's preferred stock
Business
1 answer:
Free_Kalibri [3.1K]1 month ago
7 0

Answer:

The required return amounts to 9.30%

Explanation:

The current dividend for this year is given as $2.00 annually.

The present price is noted to be $21.50.

We need to determine the market required return.

The required return is calculated as the ratio of the current dividend to the current price.

Required return

=\frac{2}{21.50}=0.0930 = 9.30 %

Hence, the required return is 9.30 %.

You might be interested in
A ____________ encompasses all activities associated with the flow and transformation of goods from the raw material stage, thro
soldi70 [3139]

Answer:

The accurate choice is the second option: Supply Chain.

Explanation:

Essentially, the term "Supply Chain" in the business context signifies the entire sequence of processes that a product undergoes from inception to the point of sale to the final customer, who effectively completes the cycle. Furthermore, this concept incorporates the various firms involved in the overall production of the item, thereby encompassing all operations associated with the movement and conversion of the product.

8 0
1 month ago
What strategies would you recommend that apple pursue in order to assure widespread consumer adoption of apple pay?
soldi70 [3139]

Here are some strategies that Apple should implement to guarantee widespread use of Apple Pay -

i) Encourage more merchants to accept it by educating them and providing devices at low costs

ii) Expand support across various platforms so that users of different devices can access Apple Pay services

iii) Boost visibility by collaborating with additional e-commerce platforms and applications

3 0
21 day ago
A key objective for a retail layout is to A. expose customers to​ high-margin items. B. balance​ low-cost storage with​ low-cost
Katen [2907]
A. expose customers to high-margin items.
8 0
10 days ago
Which one of these will most likely require a specialized inspection?
Mariulka [3175]
La respuesta es techo
6 0
1 month ago
Read 2 more answers
_____ allow you to save money by having others prepay for your expense.
soldi70 [3139]
Prepaid cards and gift cards are tools that help you save money as they allow others to pay for your expenses in advance. Essentially, both types serve a similar function, being preloaded with funds by another party (or yourself) and handed to you, ensuring expenses are taken care of without utilizing your own resources. 
7 0
25 days ago
Other questions:
  • Global use of cell phones grew rapidly between 1989 and 2000. below is a scatterplot of the percentage of people in the world wh
    6·1 answer
  • The improvement in the value of the objective function per unit increase in a right-hand side is the a. sensitivity value. b. du
    13·1 answer
  • What are other ethical concerns that Stilton may be facing?
    12·1 answer
  • Which sentences in this paragraph describe two government policies that liberalize the economy? The government of a country obse
    13·2 answers
  • Price floors and price ceilings often lead to unintended consequences, because buyers and sellers have many ways to react to pri
    11·1 answer
  • Penelope agrees to sell 100 pounds of sugar to Vito in June. In May, Penelope discovers there is a major sugar shortage and she
    14·1 answer
  • Ingraham Inc. currently has $205,000 in accounts receivable, and its days sales outstanding (DSO) is 71 days. It wants to reduce
    14·1 answer
  • If the FDIC has an insurance fund of $67.8 billion and must use 7.6% of it to cover several failed banks, approximately how much
    7·2 answers
  • On December 1, Year 1, Axel Financial purchased $50,000 of bonds issued by Lamb Company at face value. The bonds mature in ten y
    6·2 answers
  • Harrelson Company manufactures pizza sauce through two production departments: Cooking and Canning. In each process, materials a
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!