Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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The Castle Company recently reported net profits after taxes of $14.7 million. It has 2.5 million shares of common stock outstanding and pays preferred dividends of $1 million a year. The company's stock currently trades at $121 per share.
- Compute the stock's earnings per share (EPS). Round the answer to two decimal places.
$_______________per share - What's the stock's P/E ratio? Round the answer to two decimal places.
$______________ times - Determine what the stock's dividend yield would be if it paid $6.9 per share to common stockholders. Round the answer to two decimal places.
_______________ %
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- Suppose a stock had an initial price of $103 per share, paid a dividend of $2.55 per share during the year, and had an ending share price of $115. Compute the percentage total return. (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Percentage of total return %arrow_forwardA company’s preferred stock pays an annual dividend of 4.5 percent and is currently selling for $60, and there are 100,000 shares outstanding. 1. determine the company preferred stocks and the cost of preferred stocks.arrow_forwardOn January 3, 2022 you purchased 275 shares of Bird House, Inc. at $61.38 per share. Since then, you have received the following dividends per share: $0.17 (January 17), $0.17 (April 16). $0.19 (July 18). $0.19 (October 17), $0.19 (January 20). The current price of the stock is $63.09. What is the Capital Gains (Loss) Yield in percent (%)? (recurring content question) 1.71% -2.71% 2.21% O 2.79% O 2.71%arrow_forward
- A company’s perpetual preferred stock currently sells for $87.94 per share, and it pays a $7.24 annual dividend. What is the firm's cost of preferred stock? Express your answer as a percent rounded to two (2) decimal places.arrow_forwardHi, If a company has 32,000 common stock shares outstanding $10 par value, then purchases 2,300 shares of treasury stock at $25 per share. How would this be jouralized? Also, after those transaction the same company declared a $0.10 per share cash dividend on the common stock outstanding. How would this be jouralized?arrow_forwardsarrow_forward
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