Author Question: The book value per share of common stock is the amount per share of common stock that would be ... (Read 175 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?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

For a complete list of videos, visit our video library