Fundamentals of Corporate Finance
11th Edition
ISBN: 9780077861704
Author: Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Bradford D Jordan Professor
Publisher: McGraw-Hill Education
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Question
Chapter 8, Problem 23QP
Summary Introduction
To determine: The closing price of stock and current net income for the four quarters
Introduction:
Net income is the total earnings incurred by the company. It is determined by multiplying the earnings per share with the number of outstanding share.
Closing price of stock is the last price in which a stock trades in the regular trading sessions.
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Students have asked these similar questions
You have found the following stock quote for RJW Enterprises, Inc., in the financial pages
of today's newspaper.
52-WEEK
YLD
VOL
NET
STOCK
(DIV)
HI
LO
%
PE
100s
CLOSE
CHG
45.61
27.73
RJW 1.35
3.7
18
??
-.39
a. What was the closing price for this stock that appeared in yesterday's paper?
b. If the company currently has 17 million shares of stock outstanding, what was net
income for the most recent four quarters?
Using Stock Quotes [LO3] You have found the following stock quote for RJW
Enterprises, Inc., in the financial pages of today's newspaper. What was the closing
price for this stock that appeared in yesterday's paper? If the company currently hasi
25 million shares of stock outstanding, what was net income for the most recent
four quarters?
19.
52-WEEK
YLD
VOL
100s
NET
HI
LO
STOCK (DIV)
PE
CLOSE
CHG
72.18
53.17
RJW 1.48
2.1
19
17652
??
-23
11
The following problem refers to the stock table for Kired, inc ( a computer company) given below . use the stock table to answer the following questions. Where necessary, round the dollar amounts to the nearest cent.
A. what were the high and low prices for a share for the past 52 weeks?
High price =
Low price=
B. if you owned 700 shares of this stock last week, what dividend did you receive?
$_____
c. what is the annual return for the dividens alone? How does this compared to a bank offering a 3% interest rate?
___%
d. how many shares of this company‘s stock were straight it yesterday?
____ shares
E.What where are the high and low prices for a share yesterday?
High price=___
Low price=____
f. what was the price at which is share traded when the stock exchange close yesterday?
$_____
g. what was the change in price for a share of stock from the market close to two days ago to yesterday market close?
-$____
H. compute the companies animal earnings per share using:…
Chapter 8 Solutions
Fundamentals of Corporate Finance
Ch. 8.1 - Prob. 8.1ACQCh. 8.1 - Does the value of a share of stock depend on how...Ch. 8.1 - What is the value of a share of stock when the...Ch. 8.2 - Prob. 8.2ACQCh. 8.2 - Prob. 8.2BCQCh. 8.2 - Why is preferred stock called preferred?Ch. 8.3 - Prob. 8.3ACQCh. 8.3 - Prob. 8.3BCQCh. 8.3 - How does NASDAQ differ from the NYSE?Ch. 8 - A stock is selling for 11.90 a share given a...
Ch. 8 - An 8 percent preferred stock sells for 54 a share....Ch. 8 - Prob. 8.3CTFCh. 8 - Stock Valuation [LO1] Why does the value of a...Ch. 8 - Stock Valuation [LO1] A substantial percentage of...Ch. 8 - Stock Valuation [LO1] A substantial percentage of...Ch. 8 - Dividend Growth Model [LO1] Under what two...Ch. 8 - Common versus Preferred Stock [LO1] Suppose a...Ch. 8 - Prob. 6CRCTCh. 8 - Growth Rate [LO1] In the context of the dividend...Ch. 8 - Prob. 8CRCTCh. 8 - Prob. 9CRCTCh. 8 - Prob. 10CRCTCh. 8 - Prob. 11CRCTCh. 8 - Two-Stage Dividend Growth Model [LO1] One of the...Ch. 8 - Prob. 13CRCTCh. 8 - Price Ratio Valuation [LO2] What are the...Ch. 8 - Stock Values [LO1] The JacksonTimberlake Wardrobe...Ch. 8 - Stock Values [LO1] The next dividend payment by...Ch. 8 - Stock Values [LO1] For the company in the previous...Ch. 8 - Stock Values [LO1] Caan Corporation will pay a...Ch. 8 - Stock Valuation [LO1] Tell Me Why Co. is expected...Ch. 8 - Stock Valuation [LO1] Suppose you know that a...Ch. 8 - Stock Valuation [LO1] Estes Park Corp. pays a...Ch. 8 - Valuing Preferred Stock [LO1] Moraine, Inc., has...Ch. 8 - Prob. 9QPCh. 8 - Prob. 10QPCh. 8 - Prob. 11QPCh. 8 - Prob. 12QPCh. 8 - Stock Valuation and PS [LO2] TwitterMe, Inc., is a...Ch. 8 - Stock Valuation [LO1] Bayou Okra Farms just paid a...Ch. 8 - Prob. 15QPCh. 8 - Nonconstant Dividends [LO1] Maloney, Inc., has an...Ch. 8 - Nonconstant Dividends [LO1] Lohn Corporation is...Ch. 8 - Supernormal Growth [LO1] Synovec Co. is growing...Ch. 8 - Prob. 19QPCh. 8 - Prob. 20QPCh. 8 - Prob. 21QPCh. 8 - Valuing Preferred Stock [LO1] E-Eyes.com just...Ch. 8 - Prob. 23QPCh. 8 - Two-Stage Dividend Growth Model [LO1] A7X Corp....Ch. 8 - Two-Stage Dividend Growth Model [LO1] Navel County...Ch. 8 - Stock Valuation and PE [LO2] Summers Corp....Ch. 8 - Stock Valuation and PE [LO2] You have found the...Ch. 8 - Stock Valuation and PE [LO2] In the previous...Ch. 8 - Stock Valuation and PE [LO2] YGTB, Inc., currently...Ch. 8 - PE and Terminal Stock Price [LO2] In practice, a...Ch. 8 - Stock Valuation and PE [LO2] Fly Away, Inc., has...Ch. 8 - Prob. 32QPCh. 8 - Stock Valuation [LO1] Most corporations pay...Ch. 8 - Nonconstant Growth [LO1] Storico Co. just paid a...Ch. 8 - Nonconstant Growth [LO1] This ones a little...Ch. 8 - Constant Dividend Growth Model [LO1] Assume a...Ch. 8 - Two-Stage Dividend Growth [LO1] Regarding the...Ch. 8 - Prob. 38QPCh. 8 - Prob. 1MCh. 8 - Prob. 2MCh. 8 - What is the industry average priceearnings ratio?...Ch. 8 - Prob. 4MCh. 8 - Assume the companys growth rate slows to the...Ch. 8 - Prob. 6M
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