MACROECONOMICS-W/MINDTAP
15th Edition
ISBN: 9781305361409
Author: Gwartney
Publisher: CENGAGE L
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Question
Chapter ST3, Problem 3CQ
To determine
Reason for the willingness of people to pay a higher price even if they might not get dividends for many year.
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Suppose that you have bought a total of 3400 shares of stock of a particular company. You bought 1300 shares of stock at $17 per share, 1000 shares of stock at $12 per share, and the remaining shares at $22 per share. What is the average price you paid per share of stock? (please round your answer to 2 decimal places)
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If a firm earns $375 billion in profits for the year and they retain $218 billion, how much do they pay in dividends?
Chapter ST3 Solutions
MACROECONOMICS-W/MINDTAP
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