Author Question: The book value per share of common stock is the amount per share of common stock that would be ... (Read 181 times)

PhilipSeeMore

  • Hero Member
  • *****
  • Posts: 561
The book value per share of common stock is the amount per share of common stock that would be received if all of a firm's assets were sold for their accounting value and the proceeds remaining were divided among common stockholders.
 
  Indicate whether the statement is true or false

Question 2

The dividends per share paid by Fantastically Fine Ferns Inc. (FFF) doubled from a starting value of 1.50 in 2007 to a value of 3.00 in 2013 (a six-year period).
 
  What was the approximate average annual rate of growth of FFF's dividends per share? Use the Rule of 72 to determine your answer.
  A) FFF's dividends grew at an annual rate of approximately 12 per year.
  B) FFF's dividends grew at an annual rate of approximately 10 per year.
  C) FFF's dividends grew at an annual rate of approximately 8 per year.
  D) FFF's dividends grew at an annual rate of approximately 6 per year.



Animal_Goddess

  • Sr. Member
  • ****
  • Posts: 339
Answer to Question 1

TRUE

Answer to Question 2

Answer: A
Explanation: A) = 12 via the Rule of 72.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

For a complete list of videos, visit our video library