subject
Business, 08.04.2021 20:20 lexhorton2002

Jake's Sound Systems has 210,000 shares of common stock outstanding at a market price of $36 a share. Last month, Jake's paid an annual dividend in the amount of $1.593 per share. The dividend growth rate is 4%. Jake's also has 6,000 bonds outstanding with a face value of $1,000 per bond. The bonds carry a 7% coupon, pay interest annually, and mature in 4.89 years. The bonds are selling at 99% of face value. The company's tax rate is 34%. What is Jake's weighted average cost of capital

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 01:30
Ben collins plans to buy a house for $166,000. if the real estate in his area is expected to increase in value by 2 percent each year, what will its approximate value be five years from now?
Answers: 1
question
Business, 23.06.2019 10:40
The mccolls have made an offer on a new home. the home is new construction and scheduled to be completed by the end of the year. they provide a purchase deposit--a check in the amount of $40,000--to their agent, suzette. suzette, at the broker's direction, deposits the earnest money in the broker's trust fund account within two business days of receipt of the funds. did suzette follow the proper procedures? a. no, the check should not have been cashed. if a check is used as an earnest money deposit, it is to be held until acceptance of the offer. the seller must also be informed the buyer's check is being held and not negotiated.b. yes, suzette deposited the earnest money in the broker's trust fund account as directed. she also deposited the check within three business days of receipt. unless there were written instructions to hold the check until acceptance of the offer, the check may be cashed.c. no, suzette needed to deposit the earnest money in the broker's trust fund account within two days of receipt, not necessarily two business days.d. both a and c
Answers: 2
question
Business, 23.06.2019 23:50
Which of the following is measured by utility? a. the satisfaction a person gets from consumption. b. the cost of adding a single unit of something. c. the most efficient way of organizing production. d. the difference between revenue and costs.
Answers: 3
question
Business, 24.06.2019 02:00
How might we creat a sense of civility in both our social circles and our government?
Answers: 1
You know the right answer?
Jake's Sound Systems has 210,000 shares of common stock outstanding at a market price of $36 a share...
Questions
question
Biology, 30.10.2020 07:20
question
Mathematics, 30.10.2020 07:20
question
History, 30.10.2020 07:20
question
Mathematics, 30.10.2020 07:20
Questions on the website: 13722361