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Rogers Corporation stock sells at $27 per share an...

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Question

Rogers Corporation stock sells at $27 per share and its dividend per share is $1.20. Rogers has price-earnings ratio 16. The company has $40 million worth of bonds, selling at par, with 8.5% coupon. The EBIT of Rogers is $12 million and its tax rate is 30%. Calculate: (a) the dividend payout ratio, (b) the total number of shares, (c) the total value of Rogers.,Thank you for the quick response! It has proven helpful.

 

Paper#13687 | Written in 18-Jul-2015

Price : $25
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