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 90 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
Great answer, keep it coming :)

steff9894

  • Member
  • Posts: 337
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

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.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Booker T. Washington in his office at Tuskegee Institute, 1900. Washington chose a policy of accommo Booker T. Washington in his office at Tuskegee Institute, 1900. Washington chose a policy of accommo
Many older adults live active lives well into their eighties and beyond. Many older adults live active lives well into their eighties and beyond.
Removing the bed from a pickup truck makes gaining access to the fuel pump a lot easier. Removing the bed from a pickup truck makes gaining access to the fuel pump a lot easier.
Active range of motion (AROM) tests for the shoulder. A, Apley Scratch Test. B and C, Internal ... Active range of motion (AROM) tests for the shoulder. A, Apley Scratch Test. B and C, Internal ...
Share of Human Capital in Wages in Advanced Countries Share of Human Capital in Wages in Advanced Countries
Mechanisms of active and passive immunity Mechanisms of active and passive immunity
Video: Medullary osmotic gradient: countercurrent multiplier, urea recycling & vasa recta countercurrent exchange

For a complete list of videos, visit our video library