43 Portland Plastics Inc has the followin is its forecasted dividend payout rati

Question

43 Portland Plastics Inc has the followin is its forecasted dividend payout ratio? g data. If it follows the residual dividend model, what $12,000 40% $13,600 Capital budget Net income (NI) a. 51.29% b. 37.18% C. 48.47% d. 47.06% e. 45.18% nk Corp recently declared a 7-for-2 stock split. Prior to the split, the stock sold for 44. Mid-State be following the split? seoersharh f the firm's total market value is unchanged by the split, what will the stock price a. $35.71 .$28.57 c.$28.86 d.$26.29 e.$25.43 45. Select one answer that applies to you a. I expect a good grade because I have studied hard and know almost everything in the exam. b. Finance is difficult because it is taught in English and is mathematics-oriented. c. Professor Loh's class is difficult to follow; no idea what he talks about. d. Education is only an excuse for me to be on vacation. e. I am happy that this is the last question; I will come back next semester to repeat the course. Final Exam (180 points):

Explanation / Answer

Correct option d 47.06%

Correct option b $28.57

45. Select one answer that applies to you

a. I expect a good grade because I have studied hard and know almost everything in the exam  

Particulars Amount a Capital Budget $        12,000 b Debt ratio 40% c Equity (1=b) 60% d Equty contribution (a*c) $          7,200 e Net Income $        13,600 f Dividend (e-d) $          6,400 g Dividend (f/e) 47.06%

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