This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Gout Shoes Inc pays dividends annually and has an active share repurchase program. Gout makes all of ... (Read 42 times)

Mr3Hunna

  • Hero Member
  • *****
  • Posts: 536
on: Apr 25, 2021
Gout Shoes Inc pays dividends annually and has an active share repurchase program. Gout makes all of its payouts at the end of each year and its year-end was yesterday. Next year, analysts expect Gout to pay a $1 dividend (per share) and to buy back $106 million worth of shares through an open market repurchase. Analysts expect Gout's payouts to grow in perpetuity at an annual rate of 3%. Gout has 100 million shares outstanding and its shareholders require a return of 9%. What is the fair price for Gout's shares?
◦ $34.33
◦ $34.86
◦ $35.36
◦ $35.86
◦ $36.33
Corporate Finance Online ¦ Eakins, McNally ¦ 2nd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Mr3Hunna on Apr 25, 2021

amy.lauersdorf90

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Apr 25, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 64% of students answer this correctly


Mr3Hunna

  • Member
  • Posts: 536
Reply 2 on: Apr 25, 2021
Excellent

coreycathey

  • Member
  • Posts: 333
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Active Genes Discovered In The Developing Mammal Brain Active Genes Discovered In The Developing Mammal Brain
Sample Exercise Program for Healthy Older Adults (cont.) Sample Exercise Program for Healthy Older Adults (cont.)
Active Compared with Passive Voice Active Compared with Passive Voice
A $50 000 bond bearing interest at 5.5% payable semi-annually is redeemable at par on August ... A $50 000 bond bearing interest at 5.5% payable semi-annually is redeemable at par on August ...
Nine $10 000, 4% bonds with interest payable semi-annually and redeemable at par are purchased ... Nine $10 000, 4% bonds with interest payable semi-annually and redeemable at par are purchased ...
How body makes blood flow more into brain instead of foot? How body makes blood flow more into brain instead of foot?
Video: Phases of the ovarian cycle

For a complete list of videos, visit our video library