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FOR MORE CLASSES VISIT<br>tutorialoutletdotcom <br><br><br>4. DM Enterprises had earnings per share of $3.50 last year. Its common stock sells for $60. Last year’s dividend was $2.40 and a flotation cost of 10% would be required to sell new common stock. Security analysts are projecting that the common dividend will grow at an annual rate of 7%.
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DM Enterprises had earnings per share • FOR MORE CLASSES VISIT • tutorialoutletdotcom • 4. DM Enterprises had earnings per share of $3.50 last year. Its common stock sells for $60. Last year’s dividend was $2.40 and a flotation cost of 10% would be required to sell new common stock. Security analysts are projecting that the common dividend will grow at an annual rate of 7%. DM’s preferred stock pays a dividend of $2.50 per share and its preferred stock sells for $22 per share.