Preferred's yield = Annual dividend / current price
7% = $12 / current price
Current price = $12 / 7%
Current price = $171.43
Preferred's price = $171.43
the second picture is just a guidline for the entire assignment it was the instructions at...
1. Holdup Bank has an issue of preferred stock with a $3.75 stated dividend that just sold for $87 per share. What is the bank's cost of preferred stock? (5 pts) • Use Par Value =1000, if not provided. Round your answer to two decimal places as showw below: your answer is reported as %: 12.55% your answer is reported as a value: $100.51 Failure to comply with this will result in a point for more) reduction.
there is no header, i am only asking about number 5 and 6 but this is all that is given i think these are the proper headers, 3.375 and 8.375 are the annualized dividends, 3.276 and 2.301 are the yield. The yes/no portion of the table could be redeamable, perpetual, or communitive i dont know how to tell which one it is. IBM4035386 Yes Corporate Bond 3.375 08/01/2023 A3 AA 276 INTERNATIONAL BUSINESS MACHS CORP IBM.GT Corporate Bond 6.375 11/01/2010...
Assignment Instructions: Mustang Inc. completed the following stock-related transactions during 2016. Record the transactions In Mustang's general journal on the "Worksheet" tab. (second picture) Assignment Instructions: Mustang Inc. completed the following stock-related transactions during 2016. Record the transactions In Mustang's general journal on the "Worksheet" tab. Upload your file in Blackboard when you are finished. Mustang declared a $30,000 cash dividend. The company currently has 2,000 shares of 896, $125 par value cumulative preferred stock outstanding. The company did not...
Quantitative Problem 1: Hubbard Industries just paid a common dividend, Do. of $1.40. It expects to grow at a constant rate of 3% per year. If Investors require a 12% return on equity, what is the current price of Hubbard's common stock? Round your answer to the nearest cent. Do not round Intermediate calculations. per share Zero Growth Stocks: The constant growth model is sufficiently general to handle the case of a zero growth stock, where the dividend is expected...
please answer question #2 better picture of the question ENGR 3970 Homework Assignment #2, Fall 2019 - Due Mon Sep 23 in Class Note: Show all of your work to arrive at a final result. 1) Using the amounts in the table below and an interest rate of 8% compounded annually, determine (a) the equivalent present amount (b) the equivalent annual amount Use the gradient conversion factor, if and where applicable, for full credit. EOY Deposit 1000 1000 1000 1000...
only B is required 1 Assignment fall 2019 2See separate word document for instructions to submit this assignment to takboard 3 See separate word document for instructions access the appropriate sections of the Accounting Standards Codification 4 Prepare your responses to parts and 2 in this Excel Workbook and submit per instructions 5 Format this Excel Workbook so that your answers are fully visible in Landscape Layout 6 Part 1: Prepare solution to exercise in Excel 7 Use the features...
Dropdown answers: 1. Current assets: 489, 359, 261, 326 2. Total assets: 662, 463, 597, 825 3. Subordinate debenture: 89, 116, 107, 44 4. $2.8 preferred stock c claims: 31, 26, 44, 62 5. Total claims: 597, 463, 835, 661 6. Interest expense: 12, 9, 4, 11 7. EBT: 44, 41, 49, 42 8. Taxes (50%): 24, 21, 20,22 9. Net income:24, 21, 20,22 10. Dividends on 2.8 preferred: 32, 37, 75, 3 11. Income available to common stockholders: -17,...
Quantitative Problem 1: Hubbard Industries just paid a common dividend, Do, of $1.10. It expects to grow at a constant rate of 3% per year. If investors require a 12% return on equity, what is the current price of Hubbard's common stock? Do not round intermediate calculations. Round your answer to the nearest cent. per share Zero Growth Stocks: The constant growth model is sufficiently general to handle the case of a zero growth stock, where the dividend is expected...
please solve(question first picture and second picture is what you have to answer) Problem 17-08 Riverbed Corp. is a medium-sized corporation specializing in quarrying stone for building construction. The company has long dominated the market, at one time achieving a 70% market penetration During prosperous years, the company's profits, coupled with a conservative dividend policy, resulted in funds available for outside investment. Over the years, Riverbed has had a policy of investing idie cash in equity securities. In particular, Riverbed...
Please show the steps to finding the answer using a *Financial Calculator*! Thank you. 1) The U.S. Treasury issued a 7-year maturity, $1000 par value bond exactly 3 years ago. The bond pays a nominal coupon rate of 12%. The coupon payments are paid semi-annually The most recent coupon payment (the sixth coupon payment) was made yesterday. Your required rate of return from the bond is 10% per year What is the price of the bond today? If the bond...