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 95 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
YES! Correct, THANKS for helping me on my review

parshano

  • Member
  • Posts: 333
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

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.

Trans-Alaska Pipeline System (TAPS) Crosses the Active Strike-Slip Denali Fault Trans-Alaska Pipeline System (TAPS) Crosses the Active Strike-Slip Denali Fault
Parents who grew up in dual-earner families are more apt to share household tasks equally than those ... Parents who grew up in dual-earner families are more apt to share household tasks equally than those ...
Sample Exercise Program for Limited Older Adults (cont.) Sample Exercise Program for Limited Older Adults (cont.)
Characteristics of a Compliance Program Characteristics of a Compliance Program
Hector makes payments of $2000.00 into an RRSP at the beginning of every six months starting ... Hector makes payments of $2000.00 into an RRSP at the beginning of every six months starting ...
Rola Inc. borrowed $42 000.00 at 7% compounded semi-annually. The loan is repaid by payments of ... Rola Inc. borrowed $42 000.00 at 7% compounded semi-annually. The loan is repaid by payments of ...
Video: Muscle cell structures - actin, myosin and titin filaments

For a complete list of videos, visit our video library