Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. you expect kraken enterprises to make total divide

You expect Kraken Enterprises to make total dividend payouts of $5.03 million at the end...

90.2K

Verified Solution

Question

Finance

You expect Kraken Enterprises to make total dividend payouts of $5.03 million at the end of this year. Assume that all payouts occur annually at the end of the year and that we are at the beginning of the year. You also forecast that Kraken's payouts will grow at 4% in perpetuity. Kraken stockholders require a return of 9%. Kraken has 1 million shares outstanding. What is the fair price for Kraken's shares today? (Round to the nearest cent.

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

Calculus
1.2K views

Determine if the equation specifies a function with independent variable x. If it does, find...

Accounting
1.2K views

Background Information: Jack owns a pub. One evening, Jim, afriend, comes into the pub...

Statistics
1.2K views

Book: Probability and Statistical Inference (9th & 10th edition respectively) Chapter 8: Tests of Statistical Hypotheses Section 8.6...

Chemistry
1.2K views

describe the effects of mixed inhibition Substrate inhibition Product inhibition Mechanism based/suicide inhibitors Covalent intermediates Ping Pong Mechanisms Burst Kinetics Allosteric Inhibitors

Medical Sciences
1.2K views

discussvthe drawbacks of breathing through the mouth rather than through the nostrils.

Chemistry
1.2K views

WK 11: In the study of oxidation/reduction reactions, what is meant by \"spectator ions\"? Give an...

Physics
1.2K views

Write about the following: Texture(preferred orientation) of polycrystalline material, grain size, effect of temperature on x ray intensity, structure factor. ?

General Management
1.2K views

How is the culture of new Zealand and it's pros and cons

Basic Math
1.2K views

Yesterday, in St. Petersburg, the temperature was -5.4C at 8 am. The next three hours,...

Accounting
1.2K views

Mientras preparaba una declaracin de 2020 para un contribuyente, Tyreek, un preparador pagado, determin que...

Accounting
1.2K views

Steve and Stephanie Pratt purchased a home in Spokane, Washington, for $412,500. They moved into...

Accounting
1.2K views

Which of the financial statements provides information about the company's financial position? O Statement of...