Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. alliance corporation will pay a dividend of $4.00

Alliance Corporation will pay a dividend of $4.00 per share. The company has a constant...

60.1K

Verified Solution

Question

Accounting

Alliance Corporation will pay a dividend of $4.00 per share. The company has a constant growth rate of 8%.

If the required rate of return on a such stock is 12%, calculate the current price of the stock.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

Monte Carlo Simulation Tully Tyres sells cheap imported tyres. The manager believes its profits are in decline....

Biology
1.2K views

you need to make 400 ml of a 50mM solution of sucrose in 3% KCI in water....

Physics
1.2K views

give the equation for current density in form of fermi dirac distribution function and graph it

General Management
1.2K views

1. Describe in detail how a Letter of Credit is used in an international transaction. 2. From...

Biology
1.2K views

All seed plants have a megasporangium containing only 1 megasporocyte and after meiosis of the...

Physics
1.2K views

coaxial coils A and B as shown in figure The end planes of two coils...

Calculus
1.2K views

Find the derivative of the function f x In 3x 2 4x 5 F xv

Calculus
1.2K views

solve by power serise the following DE N 31 N T

Accounting
1.2K views

Provide 3 examples of a Constructive Dividend. Are these Constructive Dividends taxable?

Accounting
1.2K views

Reed, Sharp, and Tucker were partners with capital account balances of $92,000, $125,000, and $62,200,...

Finance
1.2K views

Question 4 (7.5 points) Funds in wholesale Eurodollar markets are a very close substitute for...

Accounting
1.2K views

Presented are the separate-entity and consolidated balances for Delicate Delights Corporation (DDC) and its subsidiary,...