Dr Nick

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About Dr Nick

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Art & Design,Computer Science See all
Art & Design,Computer Science,Engineering,Information Systems,Programming Hide all
Teaching Since: May 2017
Last Sign in: 340 Weeks Ago, 4 Days Ago
Questions Answered: 19234
Tutorials Posted: 19224

Education

  • MBA (IT), PHD
    Kaplan University
    Apr-2009 - Mar-2014

Experience

  • Professor
    University of Santo Tomas
    Aug-2006 - Present

Category > Business & Finance Posted 01 Jul 2017 My Price 12.00

Heavy Rain Corporation just paid a dividend of $2.95 per share,

Homework #6F (Cost of equity financing)

Finance

Question 6 (1 point)

 

Heavy Rain Corporation just paid a dividend of $2.95 per share, and the firm is expected to experience constant growth of 4.44% over the foreseeable future. The common stock is currently selling for $69.38 per share. What is Heavy Rain’s cost of retained earnings using the Gordon Model (DDM) approach?

Round the answers to two decimal places in percentage form. (Write the percentage sign in the "units" box)

Your Answer:

Answers

Dr Nick
(4)
Status NEW Posted 01 Jul 2017 04:07 PM My Price 12.00

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