C. $131.42
Aftertax dividend = $8.15(1 - 0.15) = $6.93
Ex-dividend price = $138.35 - $6.93 = $131.42
mpany has declared a dividend of $8.15 per share on its stock. Capital gains are not...
Estes Park, Inc., has declared a dividend of $7.20 per share. Suppose capital gains are not taxed, but dividends are taxed at 30 percent. New IRS regulations require that taxes be withheld at the time the dividend is paid. The company's stock sells for $123 per share, and the stock is about to go ex-dividend. What do you think the ex-dividend price will be?
3 Estes Park, Inc., has declared a dividend of $8.40 per share. Suppose capital gains are not taxed, but dividends are taxed at 15 percent. New IRS regulations require that taxes be withheld at the time the dividend is paid. The company's stock sells for $87 per share, and the stock is about to go ex dividend. What do you think the ex-dividend price will be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g....
Air Taxi, Inc. has declared a $9.50 per-share dividend. Suppose capital gains are not taxed, but dividends are taxed at 15% and new regulations require that dividends are taxed when paid. Air Taxi stock sells for $115 per share. What will the ex-dividend price be? Dividend per share $9.50 Tax rate 15% Price $115.00
RRM Incorporated has just declared a dividend of $5.50 per share. The tax rate of dividends is 18 percent. The tax rate on capital gains is 0. The tax laws require the taxes to be withheld when the dividend is paid. RRM currently sells for $33 per share and the stock is about to go ex-dividend. What do you calculate the ex-dividend price will be? A) 27.50 B) 28.49 C) 28.33 D) 31.57
Mapleleaf Industries declared a $0.75 per share cash dividend. The company has 120,000 shares authorized, 49,000 shares issued, and 46,000 shares of common stock outstanding. What is the journal entry to record the dividend declaration? Multiple Choice Ο O Debit Dividends Payable and credit Cash for $36,750 Ο Debit Dividends and credit Dividends Payable for $36.750, Ο Debit Dividends and credit Dividends Payable for $34.500 Ο O Debit Dividends Payable and credit Cash for $90.000 A company issued 8% preferred...
The Drogon Co. just issued a dividend of $2.31 per share on its common stock. The company is expected to maintain a constant 5 percent growth rate in its dividends indefinitely. If the stock sells for $35 a share, what is the company's cost of equity? Multiple Choice Ο 11.93% Ο 11.6% Ο 12.53% Ο 7.07 Multiple Choice 11.93% 11.6% 12.53% 707% 11.33%
You own 210 shares of stock in Halestorm, Inc., that currently sells for $82.90 per share. The company has announced a dividend of $3.20 per share with an ex-dividend date of February 4. Assuming no taxes, what is the value of the stock on February 4? Ο Ο S8290 Ο $86.10 Ο Ο S79.70 Ο S7865
You own 210 shares of stock in Halestorm, Inc., that currently sells for $82.90 per share. The company has announced a dividend of $3.20 per share with an ex-dividend date of February 4. Assuming no taxes, what is the value of the stock on February 4? Ο Ο S8290 Ο $86.10 Ο Ο S79.70 Ο S7865
You own 210 shares of stock in Halestorm, Inc., that currently sells for $82.90 per share. The company has announced a dividend of $3.20 per share with an ex-dividend date of February 4 Assuming no taxes, what is the value of the stock on February 4? a di Multiple Choice $82 90 $86.10 $81.30 $79.70 $78.65
The next dividend payment by Savitz, Inc., will be $3.55 per share. The dividends are anticipated to maintain a growth rate of 5 percent forever. If the stock currently sells for $55 per share, what is the required return? Multiple Choice Ο 11.239% Ο 5.00% Ο 6.455