Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. moderate growth company paid a dividend last year

Moderate Growth Company paid a dividend last year of $2.35. The expected ROE for next...

50.1K

Verified Solution

Question

Finance

Moderate Growth Company paid a dividend last year of $2.35. The expected ROE for next year is 13%. An appropriate required return on the stock is 11%.

If the firm has a plowback ratio of 58%, what should the dividend in the coming year be? (Round your answer to 3 decimal places.)

dividend __________

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

Use the data to the right on the minutes a certain actor spent shirtless in...

Physics
1.2K views

3 A block of ice of mass 50 kg is sliding on a horizontal plane...

Basic Math
1.2K views

MY NOTES Three different bacteria are cultured in one environment and feed on three nutrients...

Basic Math
1.2K views

Write the equation in the form y=mx+b. Then, using your calculator, graph the line in...

Algebra
1.2K views

Let A be a m x n matrix with m

Algebra
1.2K views

Let f(x) = 3?x + 1 and g(x) = x ? 3.a) Find the value...

Accounting
1.2K views

Problemi Cool Shoes operates a chain of stores that sell 10 different styles of cool...

Accounting
1.2K views

1. how do international issues affect the role of the management accountant?2. discuss the benefits...

Accounting
1.2K views

Real Madrid CF Corp. financial statements for the years ended December 31, included the following:...

Accounting
1.2K views

A $280 petty cash fund has cash of $10 and receipts of $200. The journal...

Accounting
1.2K views

The adjusted trial balance of Sunland Company for the year ended December 31,2022, is as...

Accounting
1.2K views

Inventory Costing: Average Cost Filimonov Inc. has the following information related to purchases and sales...