Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. ru utilities currently has 1,000,000 common shares

RU Utilities currently has 1,000,000 common shares outstanding and issues a $5.30 dividend per share....

60.1K

Verified Solution

Question

Finance

RU Utilities currently has 1,000,000 common shares outstanding and issues a $5.30 dividend per share. The company's total earnings is $17,650,000. Calculate RU Utilities reinvestment rate. State your answer as a percentage.

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

Geometry
1.2K views

E 15 Part 1 of 2 BC PT7 Part 2 of 2 36 67 45...

Biology
1.2K views

*minimum 250 words You might find it amazing that most cells in the human body each contain...

Psychology
1.2K views

What types of questions or fields of study would interest cognitive psychologists?

Biology
1.2K views

Choose the words or phrases that correctly complete the statement. Check all that apply.All living...

Physics
1.2K views

10 10 3 A 175 4 225 A 12 In the given nuclear reaction A...

Physics
1.2K views

Q4 In the circuit shown the switch S has been closed for a long time...

Physics
1.2K views

An electric dipole consists of two equal and opposite point charges and 9 separated by...

Physics
1.2K views

Two small blocks tied with a massless string of length 3 m are placed on...

Accounting
1.2K views

show work 4. Martha, a beneficiary, acquired property from a decedent. The...

Accounting
1.2K views

critically discuss various motives for earning management( 500 word ).

Finance
1.2K views

QUESTION THREE Bradshaw Steel has common equity. The yield to maturity on the company firm...

Accounting
1.2K views

The following data are for the town of Paragon (Paragon is required to produce a...