Answer:
option 3 is correct answer that is $ 25000
Explanation:
Annual dividend paid to stakeholder = 5000\times $50\times 8% =$20,000
Dividend declared and paid in 2013 = $15,000
Preferred dividend = $20,000 -$15,000
= $5,000
since the available stocks are cumulative, No dividend has paid to common stockholders in the year 2014 until dividends in 2013 and annual dividends for the year 2014 are paid in full
therefore, $60,000 dividends declared and paid in 2014, the preferred stock holders will receive $5000 for 2013 dividend and $ 20,000 for 2014 dividends
total dividends received by preferred stock holder in 2014 $5000 + $20,000
= $25,000
You can always makeup work that you got a low grade on. You can do extra credit or finish the work you haven’t turned in (if you have anything) :)
Answer:
Growth rate 2.4%
Explanation:
MV=D1/(Ke-g)
Where MV=share market value=$15
D1=Dividend at year end=$.72
Ke=stock's expected rate of return=7.2%
By putting above values in formula, we get;
MV=D1/(Ke-g)
15=.72/(7.2%-g)
15*7.2%-15g=.72
1.08-15g=.72
.72-1.08=-15g
g= -.36/-15
g=2.4%
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