Maurice Tutor

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Category > Management Posted 13 Oct 2017 My Price 3.00

Seaworthy Dingy’s earnings

In 2015, Seaworthy Dingy’s earnings are expected to be $14.4 million, and the firm expects to have profitable investment opportunities of $8.4 million. Last year, the company paid dividends equal to $9 million. It is predicted that Seaworthy will grow at a constant 5 percent in the future. What will be Seaworthy’s total dividends for 2015 if it follows (a) a policy that requires dividends to grow at the long-run growth rate in earnings and (b) a pure residual dividend policy. Seaworthy’s target debt/assets ratio is 40 percent.

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Status NEW Posted 13 Oct 2017 08:10 PM My Price 3.00

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