Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. weisbro and sons common stock sells for $21 a shar

Weisbro and Sons common stock sells for $21 a share and pays an annual dividend that...

80.2K

Verified Solution

Question

Finance

Weisbro and Sons common stock sells for $21 a share and pays anannual dividend that increases by 5.4 percent annually. The marketrate of return on this stock is 9.4 percent. What is the amount ofthe last dividend paid by Weisbro and Sons?

  • $.74

  • $1.08

  • $1.87

  • $.80

  • $.89

Answer & Explanation Solved by verified expert
3.7 Ratings (472 Votes)
Information providedCurrent stock price 21Dividend growth rate 540Market rate of    See Answer
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

Transcribed Image Text

Weisbro and Sons common stock sells for $21 a share and pays anannual dividend that increases by 5.4 percent annually. The marketrate of return on this stock is 9.4 percent. What is the amount ofthe last dividend paid by Weisbro and Sons?$.74$1.08$1.87$.80$.89

Other questions asked by students

Finance
1.2K views

An electric utility is considering a new power plant in northern Arizona. Power from the plant...

Basic Math
1.2K views

Find the volume of the solid of revolution that is formed by rotating the region bounded...

Statistics
1.2K views

Gillette claims that their double-edge shaver is better than the leading brand of single-edge shavers (Lady...

Advance Math
1.2K views

Using the power series method solve the given IVP. (The answer will include the first four...

Programming
1.2K views

5. Determine whether or not the following functions from real numbers to real numbers are bijections....

General Management
1.2K views

I HAVE POSTED THIS TWICE ALREADY AND GOT WRONG ANSWERS. PLS ANSWER ONLY IF SURE IN...

Physics
1.2K views

Question No 43 A hoop of radius r weighs m kg It rolls along a...

Basic Math
1.2K views

1 Tristan plans to pay back a loan of 230 000 in 5 years He...

Calculus
1.2K views

In problem 14 graph of a function f is shown Refer to the given graph...

Accounting
1.2K views

Molson Coors Brewing Company is the world's fifth largest brewer. In the United...

Accounting
1.2K views

How are the mark-up and mark-down on transactions between the investor and associate dealt with...

Accounting
1.2K views

a company reports a recevable dundermined to Euras and the US weer vis das the...