A 9 percent Coupon bond issued by the state of Pennsylvania sells for $ 1000 and thus provides a 9 percent yield to maturity. What on a Synthetic Chemical Company Bond would cause the two bonds to provide the same after-tax rate of return to an investor in the 28 percent tax bracket?
Micromain Company has 10,000,000 shares of common stock authorized and 8,000,000 shares outstanding, each with a $ 1.00 par value. The firm’s additional paid –in capital account has a balance of $18,000,000. The previous year’s retained earnings account was $124,000,000.In the year just ended, Micromain generated net income of $ 16,000,000 and the firm has a dividend payout ratio of 40%. What will Micromain’s book value per share be when based on the final year-end balance sheet? Hint: Sole this problem by constructing a summary of the common’s stockholders equity accounts.
Recently Asked Questions
- The IQ test scores are normally distributed with a mean of 100 and a standard deviation of 15. Given a class with 25 students, what is the probability that the
- please help me with this question. thanks in advance.
- Maritime boundaries are extremely important in many places in the world, and of course they take on extraordinary importance in the Pacific Realm. Because of