Stansfield, Inc. currently has 400,000 shares of stock outstanding, each with a market price of $20 and a book value of $2. If net income for the year is $295,000 and the firm's retention ratio is 60%,
What is the dividend per share on the firm's stock?
A) $0.19
B) $0.26
C) $0.30
D) $0.45
E) $0.51
Correct Answer:
Verified
Q79: If you ignore taxes and transaction costs,
Q80: Smathers Jellies follows a residual dividend policy
Q81: Rocky Ground Camping Supply Inc. has 200,000
Q82: Kate's has 9,000 shares of stock outstanding
Q83: Priscilla owns 500 shares of Delta stock.
Q85: Randall's, Inc. has 20,000 shares of stock
Q86:
-Alex, Inc. is financed 100% with equity.
Q87: The Mining Co. has 110,000 shares of
Q88: Alex, Inc. is financed 100% with equity.
Q89: BDJ, Inc. has 31,000 shares of stock
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents