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Author Question: Goode Inc.s stock has a required rate of return of 12.6%, and it sells for $29 per share. Goodes ... (Read 17 times)

heatherbabydoll1

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on: Aug 7, 2023

Question 1

Gary Wells Inc. plans to issue perpetual preferred stock with an annual dividend of $7.30 per share. If the required return on this preferred stock is 7.6%, at what price should the stock sell?

◦

$90.02


◦

$92.38


◦

$94.50


◦

$96.05



Question 2

Goode Inc.’s stock has a required rate of return of 12.6%, and it sells for $29 per share. Goode’s dividend is expected to grow at a constant rate of 8% per year. What was Goode’s last dividend, D0?

◦

$0.86


◦

$1.24


◦

$1.55


◦

$1.80

Financial Management: Theory and Practice ¦ Brigham, Ehrhardt, Gessaroli, Nason ¦ 4th Edition
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Marked as best answer by heatherbabydoll1 on Aug 7, 2023

koung719

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Reply #1 on: Aug 7, 2023
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.
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heatherbabydoll1

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Reply 2 on: Aug 7, 2023
YES! Correct, THANKS for helping me on my review

juliaf

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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