In 2018, Smiths Corp. issued a $50 par value preferred stock that pays a 6 percent annual dividend. Due to changes in the overall economy and in the company's financial condition, investors are now requiring a 7 percent return. What price would you be willing to pay for a share of the preferred if you receive your first dividend one year from now?

Answers

Answer 1

Answer:

Hence, the Current Price is $42.85

Explanation:

Given that

Par value = $50

Annual Dividend percentage = 6%

Annual dividend = $50 × 6% = $3

Required rate of return = 7%

based on the above information

The price that should be paid one year from now is

Required Return = Annual Dividend ÷ Current Price × 100

7 = $3 ÷ Current Price × 100

So, the current price is

= $42.85

Hence, the Current Price is $42.85


Related Questions

As I was at that time but eighteen years of age, I know not whether I should call my behaviour, in this dangerous juncture, courage or folly.

–Letter to Cornelius Tacitus,
Pliny the Younger

What makes this statement an opinion?

It gives the writer’s exact age.
It can be proven to be true.
It expresses the writer’s personal feelings.
It provides evidence to support the idea.

Answers

Answer:

The Answer Is C

Explanation:

In the context of the developmental stages of groups, which of the following stages is characterized by intragroup conflict, heightened emotional levels, and status differentiation?

a. norming
b. storming
c. forming
d. performing

Answers

Answer: b. storming

Explanation:

The Storming stage of group development is the stage where the roles of individuals become clearer in the group. They will start to see and understand how each team member works to meet targets and this is where conflict usually begins because team members might find their methods superior to the other.

This can then lead to heighten emotional levels and intragroup conflict making this the stage where most groups are most likely to fail.  

How are existing resources allocated to meet people’s needs

Answers

Answer:

Allocation of resources, apportionment of productive assets among different uses. Resource allocation arises as an issue because the resources of a society are in limited supply, whereas human wants are usually unlimited, and because any given resource can have many alternative uses.

The FIFO method assumes that units sold are the _________ units acquired and that units remaining in ending inventory are the ________ units purchased.

Answers

Answer:

first, last

Explanation:

The FIFO represents the First in first out method in which the inventory that is recently purchased is sold first and the rest of the inventory that is shown in the ending inventory determines this inventory are the last units purchased. This method is helpful for the inventory valuation

Therefore in the given case, the given answers are first and last

You are a professor of economics at a university.​ you've been offered the position of serving as department​ head, which comes with an annual salary that is ​$8 comma 5008,500 higher than your current salary.​ however, the position will require you to work 200 additional hours per year. suppose the next best use of your time is spending it with your​ family, which has value of ​$2020 per hour.

Answers

Answer:

$4500

Explanation:

We can calculate the total change in benefits by deducting the opportunity cost of spending the hours with your family by the annual salary.

Opportunity cost = $20/hour x 200 Additional hours

Opportunity cost = $4000

Total change in benefit = Annual salary - Opportunity cost

Total change in benefit  = $8500 - $4000

Total change in benefit  = $4500

8. The very last step Saraa should take, according to the decision-making process, would be to __________. select alternatives evaluate the decision's effectiveness analyze alternative solutions implement the alternative

Answers

Answer:

evaluate the decision's effectiveness

Explanation:

The last step to be taken by Saraa according to the above is to evaluate the decision's effectiveness in decision making process. This is the next stage after selecting alternative course of action. Before alternatives are selected, they must have been thoroughly analyzed.

Evaluating the decision's effectiveness in decision making process involves checking to be sure that the need identified earlier has been met or resolved otherwise certain steps in the whole process would have to be repeated in order to have a new decision.

What is the usual response when a caller disconnects before full information can be gathered and the dispatcher cannot reconnect by calling the caller back

Answers

Answer:

dispatch a police unit to check on the caller.

Explanation:

In such a scenario the usual response would be to dispatch a police unit to check on the caller. This is because many times individual may be in serious danger and cannot remain on the call, and not for a lack of trying. Such a scenario may be that the individual is having a heart attack, or is loosing a lot of blood and passes out, or even the individual is in a hostile situation and simply cannot talk. By sending the dispatcher they can quickly check to make sure the individual that called is fine and act accordingly if they are not.

For the past 60 years, _____ have been applied to structured tasks such as record keeping, simple clerical operations, and inventory control.

Answers

Answer:

Transaction - processing systems

Explanation:

For simplicity, since record-keeping, simple clerical operations, and inventory control are all related to transactions, then transaction-processing systems refer to systems that ensure that such transactions are successfully carried out.

For example, online retail outlets use transaction-processing systems to control inventory, as this system is responsible for noting every successful order of their listing page.

When Occupational Safety and Health Act inspectors discover a hazard in which illness or injury incurred is unlikely to cause death or serious physical harm, but the violation does have a direct impact on safety and health, it reports a(n) ______ violation.

a. willful
b. serious
c. de minimis
d. failure to abate

Answers

Answer:

a. willful

Explanation:

The Occupational Safety and Health Administration (OSHA) is a federal agency saddled with the responsibility of assuring and ensuring safe and healthy working conditions for employees by setting and enforcing standards, providing education, trainings and assistance to various organizations.

When Occupational Safety and Health Act inspectors discover a hazard in which illness or injury incurred is unlikely to cause death or serious physical harm, but the violation does have a direct impact on safety and health, it reports a willful violation.

One way newspapers are classified is by structures of advertising agencies. type of advertisers. frequency of delivery. subscription rates. closing date.

Answers

Answer:

One way newspapers are classified is by:

frequency of delivery.

Explanation:

Newspapers are classified into morning and evening dailies, weeklies, etc.  Some newspapers are delivered only in the morning while others are delivered in the evening.  Others may be delivered weekly, bi-monthly, monthly, etc.  These frequencies of delivery determine the classification of the newspaper.  A newspaper that is delivered daily is known as a daily newspaper while the other delivered weekly is called a weekly newspaper, and so on.

The geographic principle under which particular peoples and particular places concentrate on the production of particular goods is known as:

Answers

Answer: local functional specialization

Explanation:

The geographic principle under which particular peoples and particular places concentrate on the production of particular goods is known as local functional specialization.

Local Functional Specialization was actually Europe's economic hallmark which spread to many parts of the world later whereby some specific people in some certain places would concentrate on production of certain goods and services.

selecting a job based on your skills and interst is inportent because on average a person with a full time job works approximately _____ hours each year

Answers

Answer:

Selecting a job based on your skills and interest is important because on average a person with a full time job works approximately 2000 hours each year.

I believe this was C. on edge

Explanation:

Just took test on edgenuity

Wilfrid laurier university bookstore conducts annual surveys of its customers. using xlstat answer

Answers

Please find attached full question  and answer

Answer and Explanation:

The data is nominal data and so to represent it graphically, we used the pie chart. We have based our pie chart drawing on data assumed since we couldn't find data for the question. The data used here is still same type of data needed for the pie chart graphical representation and would merely bring a change of numerical value therefore affecting the pie chart in this regard only. We have done a rough hand estimate of the pie chart and what it would look like if drawn conveniently by hand with a protractor and compass, noting all the angles accurately(convert percentage to degrees, each percentage divided by 100 multiplied by 360) or using Excel software

Which of the following marketing fundamentals applies solely to the hospitality and tourism industry? A.interdependence of organizations B.sequential steps in marketing C.key role of marketing research D.continuous nature of marketing

Answers

Answer:

key role of marketing research

Answer:

interdependence of organizations

Explanation:

Edge 2021 :)

Target, a discount store has successfully partnered with luxury brands such as Lilly Pulitzer, Toms, and Altuzarra to create interest and drive customers to its stores. Target's ability to create these partnerships is considered one of its strengths and provides an advantage over its competitors. This is an example of a _______. a.core competency b.market opportunity c.strategic window dpetitive advanta

Answers

Answer:

a.core competency.

Explanation:

Core competency can be defined as the set of skills, experience and technical know-how, which an organization possesses and distinguishes them from their competitors (rivals) in the same industry. Basically, measuring the core competence of an organization is beyond its financial assets or physical value. Core competency of an organization is rather the defining capabilities and resources which gives it a competitive advantage over its rivals in the same industry.

Hence, the combination of firm-specific and valuable resources and firm-specific productivity allows a company to possess a core competency. A company that possesses core competence are characterized by;

1. They are not so easy to imitate or not imitable by their rivals in the industry.

2. They have a very large market capital share and as such are able to diversify.

3. A core competent company should be able to provide significant satisfaction or benefits to the consumers of its products..

Firms allocate large budgets to ____, in an effort to achieve the newest or most innovative product, as well as______, or fundamentally ____:

Answers

Answer:

Firms allocate large budgets to their research and development center, in an effort to achieve the newest or most innovative product, as well as reduce their cost, or fundamentally change customer's experience in using their new products

Explanation:

This could be seen in most big pharmaceutical companies that invest heavily in research and development towards finding the best way to treat some of the existing diseases with new drugs or treatment.

You work for an investment bank that is marketing a new credit card. As part of your company's marketing strategy, you come up with an animated penguin who is associated with your services, and your company comes up with the slogan, "Shopping with kings." Your ad campaign is viewed by millions around the country through television commercials, online ads, direct mail, and celebrity sponsors. W​hich of the following would be considered feedback?

a. c​ustomers apply for your bank’s credit card
b. c​ollege-aged students appreciate the slogan
c. Y​our target market likes the animated penguin
d. y​oung adults see the ad on a bus and call to ask questions
e. t​he media through which potential customers view the ads

Answers

Answer:

Option D

Explanation:

Feedback is the information about reactions to a product, a person's performance of a task, etc. which is used as a basis for improvement.

When the company ran a campaign of marketing credit cards the young adults saw the ad and called to ask questions therefore the campaign was successful.  Option D matches perfectly in this scenario.  

what is the farthest thing in space we know about?

Answers

That would be the galaxy called MACS0647-JD, Its a long name but If the distance estimate is correct, it formed about 427 million years after the Big Bang. Hope this helps!

Buyers and sellers receive information about what should be bought and what should be produced A. from friends and family. B. from prices in a market system. C. by listening to TV news programs. D. from newspaper gossip columns.

Answers

Answer:

B, from prices in a market system

Explanation:

A market system can be defined as a combination of buyers, sellers and other parties that come together to patronise a product or service.

Buyers and sellers alike can decide what to buy and what not to buy through the prices of goods and services in the market system.

For a seller, if the price of a product is quite costly from the manufacturer, it tells whether the seller would purchase it or not. Likewise, if a buyer approaches a seller for any goods or services, the price of the goods or services determines whether or not the buyer will purchase from the seller.

Cheers

N is covered under an individual Disability policy with a 30-day Elimination period and a monthly benefit of $500. N is totally disabled for 3 1/2 months. N's total benefit received on this claim is:

Answers

Answer:

$1,250

Explanation:

Before N starts to receive any disability payment, a 30 day elimination period must pass. He/she will start receiving disability payments starting the second month and they will last until his temporal disability is over:

covered time = 3.5 months - 1 month = 2.5 months x $500 per month = $1,250 total disability payments

N is covered under an individual Disability policy with a 30-day Elimination period and a monthly benefit of $500. N is totally disabled for 3 1/2 months. N's total benefit received on this claim is $1,250.

Covered time = 3.5 months - 1 month = 2.5 months

Total disability payments = 2.5 months x $500 per month = $1,250

After the 30-day Elimination period has been satisfied, the total benefit paid on this claim is $1,250.

Disability insurance, also referred to as DI, disability income insurance, or income protection, is a type of coverage that protects the beneficiary's earned income against the possibility that a disability will make it difficult for them to perform essential job duties.

Learn more about Disability, here;

https://brainly.com/question/31200193

#SPJ6

"New York City is issuing $500,000,000 of general obligation bonds paying interest on January 1st and July 1st of each year until maturity. The dated date of the issue is May 1, 2020. The first payment will be made on January 1st, 2021. A bondholder purchases the issue at the offering. How many months of interest will the first and second payments cover?"

Answers

Answer:

8 months for the first interest6 months for the second

Explanation:

The interest is to be paid semi-annually which means that it accrues for 6 months. However, the bond was issued on May 1, 2020 which is 8 months before the first interest payment on January 1, 2021 so the January payment will have to cover for those months as interest starts to build immediately the bond is purchased.

The second payment on July 1, 2021 will cover the period of 6 months between January 1 and July 1, 2021.

If a fishing boat owner brings 10,000 fish to market and the market price is $7 per fish, she will have $70,000 in total revenue. If the average variable cost of 10,000 fish is $4 and the fixed cost of the boat is $20,000, what is her profit

Answers

Answer:

$10,000

Explanation:

Given that

Total revenue is $70,000

Total fixed cost is $40,000

And, the total variable cost is $10,000

According to the given situation, the computation of profit is shown below:-

Profit = Total Revenue - Total Fixed cost - Total variable cost

= $70,000 - (10,000 × $4) - 10,000

= $70,000 - 40,000 - 10,000

= $10,000

Therefore for computing the profit we simply applied the above formula.

Which of the following statements are true? A direct cost is sometimes referred to as a common cost. A regional sales manager's salary is a direct cost of the regional office in which the sales manager works. A direct cost can be easily and conveniently traced to a specific cost object. An individual cost is either direct or indirect, regardless of the cost object.

Answers

Answer:

The correct answers are the following options: A regional sales manager's salary is a direct cost of the regional office in which the sales manager works - A direct cost can be easily and conveniently traced to a specific cost object.

Explanation:

On the one hand, the name of "direct costs" is refered to the ones that would be directly related to a cost object, therefore that these costs are easily recognizable to the person who manages the costs due to the fact that those will be the ones that are strictly referable to the object.

On the other hand, the "indirect costs" are the ones that have the characteristics of being the oppositive of the direct costs. Therefore that these type of costs are the ones that would not be easily referable to a cost object.

Answer:

A direct Cost can be easily and conveniently traced to a specific cost object AND A regional sales manager's salary is a direct cost of the regional office in which the sales manager works.

Explanation:

Cost behavior ______. categorizes costs as fixed, mixed and variable is a detailed analysis technique used to determine whether costs are fixed or variable refers to how a cost will change as activity level changes is the relative proportion of each type of cost in an organization

Answers

Answer:

The correct option is;

Refers to how a cost will change as activity level changes

Explanation:

Cost behavior is defined as the specification of the manner in which cost will vary in total in response to a change in the activity of some other factors. There are three types of cost behavior as outlined in cost accounting and managerial accounting branches of accounting including;

1) Fixed cost; The fixed cost remains the same relative to the changes in activity

2) Variable cost; The variable cost varies with an increase or decrease proportionately with the level of activity

3) Semivariable or mixed cost; Mixed cost are partially fixed cost such as the cost of gaining maintenance of a power generating plant including the purchase of fuel.

The cost behavior refers to how a cost will change with change in the activity level. So, the correct option that matches with the statement quoted above is C.

Cost behavior refers to how the different types of cost are affected by a even a gradual change in the activities like production, distribution, manufacturing, etc.

Cost behavior do not affect the fixed costs of an organization as they are relative in nature and do not have much impact on the scales of operation of a business.

The variable costs of an organization are affected when direct change is seen in the business activities like production, distribution and manufacturing, etc. These costs are subjective in nature.

Mixed costs refer to as a fusion of of variable costs that are dependent on fixed costs that have an impact with a change in scales of operation of the business.

Hence, the correct option is C that the Cost behavior refers to how a cost will change with a change in the activity levels of the organization in a positive or a negative way.

To know more about Cost behavior, refer to the link below.

https://brainly.com/question/4614106

How are command group in menu tabs

Answers

Answer:

Typically, related commands are clustered together on the same menu or toolbar. Menus typically are displayed as one-word strings clustered in a row at the top of the integrated development environment (IDE) or a tool window.

Explanation:

Study the data below and answer the questions that follow. A, B and C represent three countries: Germany, Pakistan and China (although not necessarily in that order). (a) Identify the countries A,B and C. (b) Use the data in the table to justify your answer to part (a).

Answers

Answer:

(a) The countries are

A is China

B is Germany

C is Pakistan

(b) Based on the table's data,

The employment structure for A is 9% Agriculture, 47% Manufacturing, 44% services,  where the labor force by sector for Germany is given as 25.1% through agriculture, 27.5% through (manufacturing) industry and 47.4%   through services, based on 2019 statistics, which is not in correlation with the given table data with the same metric

However, the GDP by sector for China is given as 7.9% through agriculture, 40.5% through (manufacturing) industry and 51.6% through services, which is in correlation with the given table data although different metrics but in terms of reflective nature of the economic spending and per capita income

The employment structure for B is 1% Agriculture, 28% Manufacturing, 71% services, where the labor force by sector for Germany is given as 1.4% through agriculture, 24.2% through (manufacturing) industry and 74.3%   through services, based on 2016 statistics, which is in correlation with the given table data with the same metrics

The employment structure for C is 22% Agriculture, 24% Manufacturing, 54% services, where the labor force by sector for Pakistan is given as 37.4% through agriculture, 24.0% through (manufacturing) industry and 38.6%  through services, with an employment rate of of 48.9% based on 2018 statistics, which is in correlation with the given table data with the same metrics

Explanation:

As the operations manager for American Airlines you have decided to invest in 10 new jets for the company's fleet. There are three outcomes for this investment. What is the expected return on investment using the information below?

Answers

Answer:

0.17

Explanation:

The computation of expected return in investment is shown below:-

Expected return in investment = (Expected return of outcome 1 × Probability of outcome 1) + (Expected return of outcome 2 × Probability of outcome 2) + (Expected return of outcome 3 × Probability of outcome 3)

= (0.15 × 0.50) + (0.25 × 0.30) + (0.10 × 0.20)

= 0.075 + 0.075 + 0.2

= 0.17

Therefore for computing the expected rate of return we simply applied the above formula.

The sequence of activities within the firm which begins with research and development, followed by design, and manufacturing, marketing/distribution, and customer service is the:

Answers

Answer:

cost life cycle.

Explanation:

The sequence of activities within the firm which begins with research and development, followed by design, and manufacturing, marketing/distribution, and customer service is the cost life cycle.

This ultimately implies that, the cost life cycle of a product or project is a process which involves estimating the overall amount of money to be spent on it over the course of its useful life.

Hence, it is used to determine the most cost-effective way to manufacture or produce a product.

Entrepreneurs are valuable to economies because they:
O A. rely on labor instead of the other factors of production.
B. make sure that economies treat all citizens equally.
O C. make decisions without considering their own wants or needs.
O D. create new ideas for fulfilling societies' wants and needs.

Answers

Answer:

D. create new ideas for fulfilling societies' wants and needs.

#FreeMelvin

The argument took place between-----​

Answers

Answer:

?

Explanation:

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