Dividend Total Year per share 1995 0.25 $1,075,000.00 0 1996 0.25 $1,075,000.00 share dividends repurchases repurchases to shareholders 115,000 $140,000.00 from share Total payments $0.00 $1,075,000.00 $1,215,000.00 1997 0.3 $1,255,500.00 0 $0.00 $1,255,500.00 1998 1999 2000 0.31 $1,297,350.00 0.35 $1,394,750.00 0.37 $1,430,050.00 200,000 $260,000.00 120,000 $180,000.00 $1,557,350.00 $1,574,750.00 0 $0.00 $1,430,050.00 2001 2002 0.39 $1,507,350.00 0.42 $1,623,300.00 0 $0.00 $1,507,350.00 120,000 $220,000.00 $1,843,300.00 Share price, end of 2002 1.83 Number of shares 3,745,000 Cinema Market Value Dividend compound growth rate Cost of equity, rE

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 99.4C
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am. 126.

Dividend
Year
per share
1995
Total
dividends
0.25 $1,075,000.00
0
1996
0.25 $1,075,000.00
share
repurchases repurchases to shareholders
$0.00 $1,075,000.00
115,000 $140,000.00
from share Total payments
$1,215,000.00
1997
1998
1999
2000
2001
2002
0.3 $1,255,500.00
0.31 $1,297,350.00
0.35 $1,394,750.00
0.37 $1,430,050.00
0.39 $1,507,350.00
0.42 $1,623,300.00
0
200,000 $260,000.00
120,000 $180,000.00
$0.00
$1,255,500.00
$1,557,350.00
$1,574,750.00
0
$0.00
$1,430,050.00
0
$0.00
$1,507,350.00
120,000 $220,000.00
$1,843,300.00
Share price, end of 2002
1.83
Number of shares
3,745,000
Cinema Market Value
Dividend compound growth rate
Cost of equity, rE
Transcribed Image Text:Dividend Year per share 1995 Total dividends 0.25 $1,075,000.00 0 1996 0.25 $1,075,000.00 share repurchases repurchases to shareholders $0.00 $1,075,000.00 115,000 $140,000.00 from share Total payments $1,215,000.00 1997 1998 1999 2000 2001 2002 0.3 $1,255,500.00 0.31 $1,297,350.00 0.35 $1,394,750.00 0.37 $1,430,050.00 0.39 $1,507,350.00 0.42 $1,623,300.00 0 200,000 $260,000.00 120,000 $180,000.00 $0.00 $1,255,500.00 $1,557,350.00 $1,574,750.00 0 $0.00 $1,430,050.00 0 $0.00 $1,507,350.00 120,000 $220,000.00 $1,843,300.00 Share price, end of 2002 1.83 Number of shares 3,745,000 Cinema Market Value Dividend compound growth rate Cost of equity, rE
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