AMENDED AND RESTATED CERTIFICATE OF INCORPORATION OF VIRTUAL ZONE‚ INC. The undersigned‚ being the Executive Vice President‚ Law and Administration‚ and General Counsel and the Secretary of NEW PLAYBOY‚ INC. (the "Corporation")‚ a corporation organized and existing under the laws of the State of Delaware‚ do hereby certify as follows:
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* 7.4/100 = $74 PV factor = (1/i)*(1- 1/(1+i)^n) = 6.4176 So‚ PV = $74*6.4176 = 474.90| So the fair value of bond = 474.90+422.41 = $897.31 A10. (Dividend discount model) Assume RHM is expected to pay a total cash dividend of $5.60 next year and its dividends are expected to grow at a rate of 6% per year forever. Assuming annual dividend payments‚ what is the current market value of a share of RHM stock if the required return on RHM common stock is 10%? Current market value = D1/(Required
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Khol’s Corporation JC Penny Corporation Earnings per share As given in the income statement $3.67 $1.64 The comparison of these two numbers are not meaningful‚ the number of shares outstanding differs tremendously. Current ratio Current assets $5‚645 = 2.08 $6‚370 = 2.41 Kohl’s inventory turnover is slightly better by .3 than JC Penney. This might indicate that Kohl’s volume of sales in terms of inventory is better than JC Penney. Current liabilities $2
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Stocks Name Instructor XACC / 291 Date Stocks 2. Stocks shares known as “preferred”‚ because in the event of the company being liquidation‚ the preferred stock shares will receive dividends‚ and business assets before the common shares (Crook‚ 2000). If the company does not have enough money to pay both the preferred shares‚ and the common shares‚ the preferred shareholder must receive his shares first. Many different types of preferred
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of $450‚000 valued at historical cost and $500‚000 stated at fair value. The difference was due to the increased value of buildings with a remaining life of 15 years. During 2007 and 2008 Stator reported net income of $25‚000 and $15‚000 and paid dividends of $10‚000 and $12‚000‚ respectively. Rotor uses the equity method. 1. Based on the preceding information‚ what amount of differential will be amortized annually? A. $0 B. $750 C. $1‚000 D. $2‚000 2. Based on the preceding information
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3000‚ Merrifield VA 22119-3000 or visit a branch. Joint Owner: Purchase Amount: $ Dividend Rate: Annual Percentage Yield: 25.00 3.9207. 4.007. Issue Date: Term: MaturityDate: 09/21/12 12 MONTHS 09/21/13 DISCLOSURE STATEMENT FEATURES: This Special Certificate has a minimum balance requirement of $25 and a maximum balance limit of $4‚000. Only one Special Certificate per member is allowed. DIVIDENDS: Dividends are computed from day-of-deposit to day-of-withdrawal on the actual dollar value
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Retained Earnings (2‚000‚000 X $1) 2‚000‚000 Dividends Payable 2‚000‚000 Aug. 15 No entry. Sep. 9 Dividends Payable 2‚000‚000 Cash 2‚000‚000 BRIEF EXERCISE 15-13 Declaration Date. Retained Earnings 1‚300‚000 Ordinary Share Dividend Distributable 200‚000 Share Premium—Ordinary 1‚100‚000 (20‚000* X $65 = $1‚300‚000; ( 20‚000 X $10 = $200‚000) *400‚000 shares X 5% Distribution Date. Ordinary Share Dividend Distributable 200‚000 Share Capital—Ordinary
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of frozen foods that are sold under its own brand name to retailers. Rae is considering if a dividend discount mode would be appropriate for valuing Tasty Foods. He has complied the information in the following table for the company’s EPS and DPS during the last five years. The quarterly dividends paid by the company have been added to arrive at the annual dividends. Rae has also computed the dividend payout ratio for each year as DPS/EPS and the growth rates in EPS and DPS. Year EPS ($)
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issuance of preferred and common stocks and the declaration and payment of dividends. The board of directors must always authorize all dividends. A dividend distributes cash‚ assets‚ or the company’s stock. This is distributed to the company’s stakeholders. Before authorizing a dividend‚ a company must have sufficient retained earnings and cash (cash dividend) or sufficient authorized stock (stock dividend). Before cash dividends are issued to stockholders‚ the following conditions must exist: the board
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BBMF2023 PRINCIPLE OF INVESTMENT Tutorial 1: Introduction to Investment 1. “A risk-averse investor will not assume risk.” Agree or disagree with this statement‚ and explain your reasoning. Disagree. Risk-averse investors will assume risk if they expect to be adequately compensated for it. 2. Summarize the basic nature of the investment decision in one sentence. The basic nature of the investment decision for all investors is the upward-sloping tradeoff between expected return and risk that
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