SlideShare une entreprise Scribd logo
1  sur  1
Télécharger pour lire hors ligne
Johnny Cake Limited has 10 million shares of stock outstanding selling at $20 per share and an
issue of $50 million in 5.12 percent, annual coupon bonds with a maturity of 13 years, selling at
93.5 percent of par ($1,000). If Johnny Cake's weighted average tax rate is 21 percent, its next
dividend is expected to be $2.00 per share, and all future dividends are expected to grow at 5
percent per year, indefinitely, what is its WACC? a. 12.64 percent b. 13.27 percent c. 13.03
percent d. 14.06 percent

Contenu connexe

Plus de basilpaul63

La mian, Udon and Ramen noodles are made from wheat, while glass and .pdf
 La mian, Udon and Ramen noodles are made from wheat, while glass and .pdf La mian, Udon and Ramen noodles are made from wheat, while glass and .pdf
La mian, Udon and Ramen noodles are made from wheat, while glass and .pdfbasilpaul63
 
La Conchita The photos on the following pages show two mass movement .pdf
 La Conchita The photos on the following pages show two mass movement .pdf La Conchita The photos on the following pages show two mass movement .pdf
La Conchita The photos on the following pages show two mass movement .pdfbasilpaul63
 
la a study of the influetice of environment factors on small group in.pdf
 la a study of the influetice of environment factors on small group in.pdf la a study of the influetice of environment factors on small group in.pdf
la a study of the influetice of environment factors on small group in.pdfbasilpaul63
 
L14.b (LU L) ine tnree accounts snown pelow appear in the gener.pdf
 L14.b (LU L) ine tnree accounts snown pelow appear in the gener.pdf L14.b (LU L) ine tnree accounts snown pelow appear in the gener.pdf
L14.b (LU L) ine tnree accounts snown pelow appear in the gener.pdfbasilpaul63
 
Kristina Karganova invites 14 relatives to a party her mother, 2 aunt.pdf
 Kristina Karganova invites 14 relatives to a party her mother, 2 aunt.pdf Kristina Karganova invites 14 relatives to a party her mother, 2 aunt.pdf
Kristina Karganova invites 14 relatives to a party her mother, 2 aunt.pdfbasilpaul63
 
Koric Inc. has two processing departments (machining and assembly) an.pdf
 Koric Inc. has two processing departments (machining and assembly) an.pdf Koric Inc. has two processing departments (machining and assembly) an.pdf
Koric Inc. has two processing departments (machining and assembly) an.pdfbasilpaul63
 
King describes disease as the recurrence of a pattern of events, a n.pdf
 King describes disease as the recurrence of a pattern of events, a n.pdf King describes disease as the recurrence of a pattern of events, a n.pdf
King describes disease as the recurrence of a pattern of events, a n.pdfbasilpaul63
 
Key a. Diffusion b. Osmosis c. Active Transport Into the Cells d. Ac.pdf
 Key a. Diffusion b. Osmosis c. Active Transport Into the Cells d. Ac.pdf Key a. Diffusion b. Osmosis c. Active Transport Into the Cells d. Ac.pdf
Key a. Diffusion b. Osmosis c. Active Transport Into the Cells d. Ac.pdfbasilpaul63
 
JPJ Corp has sales of $1.22 million, accounts recelvable of $46,000, .pdf
 JPJ Corp has sales of $1.22 million, accounts recelvable of $46,000, .pdf JPJ Corp has sales of $1.22 million, accounts recelvable of $46,000, .pdf
JPJ Corp has sales of $1.22 million, accounts recelvable of $46,000, .pdfbasilpaul63
 
Keiji Jones is the owner of a small retail business operated as a sol.pdf
 Keiji Jones is the owner of a small retail business operated as a sol.pdf Keiji Jones is the owner of a small retail business operated as a sol.pdf
Keiji Jones is the owner of a small retail business operated as a sol.pdfbasilpaul63
 
Juniper Corporation is considering two alternative investment proposa.pdf
 Juniper Corporation is considering two alternative investment proposa.pdf Juniper Corporation is considering two alternative investment proposa.pdf
Juniper Corporation is considering two alternative investment proposa.pdfbasilpaul63
 
Junot Corp., a publicly traded company, had 2,700 preferred shares is.pdf
 Junot Corp., a publicly traded company, had 2,700 preferred shares is.pdf Junot Corp., a publicly traded company, had 2,700 preferred shares is.pdf
Junot Corp., a publicly traded company, had 2,700 preferred shares is.pdfbasilpaul63
 
Jump to level 1 Write a for loop that prints 12 ... countNum Ex If t.pdf
 Jump to level 1 Write a for loop that prints 12 ... countNum Ex If t.pdf Jump to level 1 Write a for loop that prints 12 ... countNum Ex If t.pdf
Jump to level 1 Write a for loop that prints 12 ... countNum Ex If t.pdfbasilpaul63
 
Jsing the Processing reference, writing a program to generate the fol.pdf
 Jsing the Processing reference, writing a program to generate the fol.pdf Jsing the Processing reference, writing a program to generate the fol.pdf
Jsing the Processing reference, writing a program to generate the fol.pdfbasilpaul63
 
Joe Connells study of competition between two species of barnacles i.pdf
 Joe Connells study of competition between two species of barnacles i.pdf Joe Connells study of competition between two species of barnacles i.pdf
Joe Connells study of competition between two species of barnacles i.pdfbasilpaul63
 
Jse Excels Analysis ToolPak, with a seed of 1 , to generate 1,000 ra.pdf
 Jse Excels Analysis ToolPak, with a seed of 1 , to generate 1,000 ra.pdf Jse Excels Analysis ToolPak, with a seed of 1 , to generate 1,000 ra.pdf
Jse Excels Analysis ToolPak, with a seed of 1 , to generate 1,000 ra.pdfbasilpaul63
 
John, an experienced auditor from the audit firm Sherwood, wants to u.pdf
 John, an experienced auditor from the audit firm Sherwood, wants to u.pdf John, an experienced auditor from the audit firm Sherwood, wants to u.pdf
John, an experienced auditor from the audit firm Sherwood, wants to u.pdfbasilpaul63
 
John is attending a music festival next month and has decided to do s.pdf
 John is attending a music festival next month and has decided to do s.pdf John is attending a music festival next month and has decided to do s.pdf
John is attending a music festival next month and has decided to do s.pdfbasilpaul63
 
Joni Shamrock Inc. has the following amounts reported in its genera.pdf
 Joni Shamrock Inc. has the following amounts reported in its genera.pdf Joni Shamrock Inc. has the following amounts reported in its genera.pdf
Joni Shamrock Inc. has the following amounts reported in its genera.pdfbasilpaul63
 
Jolson Company has the following internal control procedures over cas.pdf
 Jolson Company has the following internal control procedures over cas.pdf Jolson Company has the following internal control procedures over cas.pdf
Jolson Company has the following internal control procedures over cas.pdfbasilpaul63
 

Plus de basilpaul63 (20)

La mian, Udon and Ramen noodles are made from wheat, while glass and .pdf
 La mian, Udon and Ramen noodles are made from wheat, while glass and .pdf La mian, Udon and Ramen noodles are made from wheat, while glass and .pdf
La mian, Udon and Ramen noodles are made from wheat, while glass and .pdf
 
La Conchita The photos on the following pages show two mass movement .pdf
 La Conchita The photos on the following pages show two mass movement .pdf La Conchita The photos on the following pages show two mass movement .pdf
La Conchita The photos on the following pages show two mass movement .pdf
 
la a study of the influetice of environment factors on small group in.pdf
 la a study of the influetice of environment factors on small group in.pdf la a study of the influetice of environment factors on small group in.pdf
la a study of the influetice of environment factors on small group in.pdf
 
L14.b (LU L) ine tnree accounts snown pelow appear in the gener.pdf
 L14.b (LU L) ine tnree accounts snown pelow appear in the gener.pdf L14.b (LU L) ine tnree accounts snown pelow appear in the gener.pdf
L14.b (LU L) ine tnree accounts snown pelow appear in the gener.pdf
 
Kristina Karganova invites 14 relatives to a party her mother, 2 aunt.pdf
 Kristina Karganova invites 14 relatives to a party her mother, 2 aunt.pdf Kristina Karganova invites 14 relatives to a party her mother, 2 aunt.pdf
Kristina Karganova invites 14 relatives to a party her mother, 2 aunt.pdf
 
Koric Inc. has two processing departments (machining and assembly) an.pdf
 Koric Inc. has two processing departments (machining and assembly) an.pdf Koric Inc. has two processing departments (machining and assembly) an.pdf
Koric Inc. has two processing departments (machining and assembly) an.pdf
 
King describes disease as the recurrence of a pattern of events, a n.pdf
 King describes disease as the recurrence of a pattern of events, a n.pdf King describes disease as the recurrence of a pattern of events, a n.pdf
King describes disease as the recurrence of a pattern of events, a n.pdf
 
Key a. Diffusion b. Osmosis c. Active Transport Into the Cells d. Ac.pdf
 Key a. Diffusion b. Osmosis c. Active Transport Into the Cells d. Ac.pdf Key a. Diffusion b. Osmosis c. Active Transport Into the Cells d. Ac.pdf
Key a. Diffusion b. Osmosis c. Active Transport Into the Cells d. Ac.pdf
 
JPJ Corp has sales of $1.22 million, accounts recelvable of $46,000, .pdf
 JPJ Corp has sales of $1.22 million, accounts recelvable of $46,000, .pdf JPJ Corp has sales of $1.22 million, accounts recelvable of $46,000, .pdf
JPJ Corp has sales of $1.22 million, accounts recelvable of $46,000, .pdf
 
Keiji Jones is the owner of a small retail business operated as a sol.pdf
 Keiji Jones is the owner of a small retail business operated as a sol.pdf Keiji Jones is the owner of a small retail business operated as a sol.pdf
Keiji Jones is the owner of a small retail business operated as a sol.pdf
 
Juniper Corporation is considering two alternative investment proposa.pdf
 Juniper Corporation is considering two alternative investment proposa.pdf Juniper Corporation is considering two alternative investment proposa.pdf
Juniper Corporation is considering two alternative investment proposa.pdf
 
Junot Corp., a publicly traded company, had 2,700 preferred shares is.pdf
 Junot Corp., a publicly traded company, had 2,700 preferred shares is.pdf Junot Corp., a publicly traded company, had 2,700 preferred shares is.pdf
Junot Corp., a publicly traded company, had 2,700 preferred shares is.pdf
 
Jump to level 1 Write a for loop that prints 12 ... countNum Ex If t.pdf
 Jump to level 1 Write a for loop that prints 12 ... countNum Ex If t.pdf Jump to level 1 Write a for loop that prints 12 ... countNum Ex If t.pdf
Jump to level 1 Write a for loop that prints 12 ... countNum Ex If t.pdf
 
Jsing the Processing reference, writing a program to generate the fol.pdf
 Jsing the Processing reference, writing a program to generate the fol.pdf Jsing the Processing reference, writing a program to generate the fol.pdf
Jsing the Processing reference, writing a program to generate the fol.pdf
 
Joe Connells study of competition between two species of barnacles i.pdf
 Joe Connells study of competition between two species of barnacles i.pdf Joe Connells study of competition between two species of barnacles i.pdf
Joe Connells study of competition between two species of barnacles i.pdf
 
Jse Excels Analysis ToolPak, with a seed of 1 , to generate 1,000 ra.pdf
 Jse Excels Analysis ToolPak, with a seed of 1 , to generate 1,000 ra.pdf Jse Excels Analysis ToolPak, with a seed of 1 , to generate 1,000 ra.pdf
Jse Excels Analysis ToolPak, with a seed of 1 , to generate 1,000 ra.pdf
 
John, an experienced auditor from the audit firm Sherwood, wants to u.pdf
 John, an experienced auditor from the audit firm Sherwood, wants to u.pdf John, an experienced auditor from the audit firm Sherwood, wants to u.pdf
John, an experienced auditor from the audit firm Sherwood, wants to u.pdf
 
John is attending a music festival next month and has decided to do s.pdf
 John is attending a music festival next month and has decided to do s.pdf John is attending a music festival next month and has decided to do s.pdf
John is attending a music festival next month and has decided to do s.pdf
 
Joni Shamrock Inc. has the following amounts reported in its genera.pdf
 Joni Shamrock Inc. has the following amounts reported in its genera.pdf Joni Shamrock Inc. has the following amounts reported in its genera.pdf
Joni Shamrock Inc. has the following amounts reported in its genera.pdf
 
Jolson Company has the following internal control procedures over cas.pdf
 Jolson Company has the following internal control procedures over cas.pdf Jolson Company has the following internal control procedures over cas.pdf
Jolson Company has the following internal control procedures over cas.pdf
 

Dernier

Accessible design: Minimum effort, maximum impact
Accessible design: Minimum effort, maximum impactAccessible design: Minimum effort, maximum impact
Accessible design: Minimum effort, maximum impactdawncurless
 
Sanyam Choudhary Chemistry practical.pdf
Sanyam Choudhary Chemistry practical.pdfSanyam Choudhary Chemistry practical.pdf
Sanyam Choudhary Chemistry practical.pdfsanyamsingh5019
 
Z Score,T Score, Percential Rank and Box Plot Graph
Z Score,T Score, Percential Rank and Box Plot GraphZ Score,T Score, Percential Rank and Box Plot Graph
Z Score,T Score, Percential Rank and Box Plot GraphThiyagu K
 
CARE OF CHILD IN INCUBATOR..........pptx
CARE OF CHILD IN INCUBATOR..........pptxCARE OF CHILD IN INCUBATOR..........pptx
CARE OF CHILD IN INCUBATOR..........pptxGaneshChakor2
 
Separation of Lanthanides/ Lanthanides and Actinides
Separation of Lanthanides/ Lanthanides and ActinidesSeparation of Lanthanides/ Lanthanides and Actinides
Separation of Lanthanides/ Lanthanides and ActinidesFatimaKhan178732
 
Call Girls in Dwarka Mor Delhi Contact Us 9654467111
Call Girls in Dwarka Mor Delhi Contact Us 9654467111Call Girls in Dwarka Mor Delhi Contact Us 9654467111
Call Girls in Dwarka Mor Delhi Contact Us 9654467111Sapana Sha
 
Paris 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activityParis 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activityGeoBlogs
 
“Oh GOSH! Reflecting on Hackteria's Collaborative Practices in a Global Do-It...
“Oh GOSH! Reflecting on Hackteria's Collaborative Practices in a Global Do-It...“Oh GOSH! Reflecting on Hackteria's Collaborative Practices in a Global Do-It...
“Oh GOSH! Reflecting on Hackteria's Collaborative Practices in a Global Do-It...Marc Dusseiller Dusjagr
 
Arihant handbook biology for class 11 .pdf
Arihant handbook biology for class 11 .pdfArihant handbook biology for class 11 .pdf
Arihant handbook biology for class 11 .pdfchloefrazer622
 
Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...
Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...
Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...RKavithamani
 
microwave assisted reaction. General introduction
microwave assisted reaction. General introductionmicrowave assisted reaction. General introduction
microwave assisted reaction. General introductionMaksud Ahmed
 
How to Make a Pirate ship Primary Education.pptx
How to Make a Pirate ship Primary Education.pptxHow to Make a Pirate ship Primary Education.pptx
How to Make a Pirate ship Primary Education.pptxmanuelaromero2013
 
Web & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdfWeb & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdfJayanti Pande
 
Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991
Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991
Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991RKavithamani
 
Hybridoma Technology ( Production , Purification , and Application )
Hybridoma Technology  ( Production , Purification , and Application  ) Hybridoma Technology  ( Production , Purification , and Application  )
Hybridoma Technology ( Production , Purification , and Application ) Sakshi Ghasle
 
1029 - Danh muc Sach Giao Khoa 10 . pdf
1029 -  Danh muc Sach Giao Khoa 10 . pdf1029 -  Danh muc Sach Giao Khoa 10 . pdf
1029 - Danh muc Sach Giao Khoa 10 . pdfQucHHunhnh
 

Dernier (20)

Accessible design: Minimum effort, maximum impact
Accessible design: Minimum effort, maximum impactAccessible design: Minimum effort, maximum impact
Accessible design: Minimum effort, maximum impact
 
Sanyam Choudhary Chemistry practical.pdf
Sanyam Choudhary Chemistry practical.pdfSanyam Choudhary Chemistry practical.pdf
Sanyam Choudhary Chemistry practical.pdf
 
Z Score,T Score, Percential Rank and Box Plot Graph
Z Score,T Score, Percential Rank and Box Plot GraphZ Score,T Score, Percential Rank and Box Plot Graph
Z Score,T Score, Percential Rank and Box Plot Graph
 
CARE OF CHILD IN INCUBATOR..........pptx
CARE OF CHILD IN INCUBATOR..........pptxCARE OF CHILD IN INCUBATOR..........pptx
CARE OF CHILD IN INCUBATOR..........pptx
 
Separation of Lanthanides/ Lanthanides and Actinides
Separation of Lanthanides/ Lanthanides and ActinidesSeparation of Lanthanides/ Lanthanides and Actinides
Separation of Lanthanides/ Lanthanides and Actinides
 
Mattingly "AI & Prompt Design: The Basics of Prompt Design"
Mattingly "AI & Prompt Design: The Basics of Prompt Design"Mattingly "AI & Prompt Design: The Basics of Prompt Design"
Mattingly "AI & Prompt Design: The Basics of Prompt Design"
 
TataKelola dan KamSiber Kecerdasan Buatan v022.pdf
TataKelola dan KamSiber Kecerdasan Buatan v022.pdfTataKelola dan KamSiber Kecerdasan Buatan v022.pdf
TataKelola dan KamSiber Kecerdasan Buatan v022.pdf
 
Call Girls in Dwarka Mor Delhi Contact Us 9654467111
Call Girls in Dwarka Mor Delhi Contact Us 9654467111Call Girls in Dwarka Mor Delhi Contact Us 9654467111
Call Girls in Dwarka Mor Delhi Contact Us 9654467111
 
Paris 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activityParis 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activity
 
“Oh GOSH! Reflecting on Hackteria's Collaborative Practices in a Global Do-It...
“Oh GOSH! Reflecting on Hackteria's Collaborative Practices in a Global Do-It...“Oh GOSH! Reflecting on Hackteria's Collaborative Practices in a Global Do-It...
“Oh GOSH! Reflecting on Hackteria's Collaborative Practices in a Global Do-It...
 
Arihant handbook biology for class 11 .pdf
Arihant handbook biology for class 11 .pdfArihant handbook biology for class 11 .pdf
Arihant handbook biology for class 11 .pdf
 
Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...
Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...
Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...
 
microwave assisted reaction. General introduction
microwave assisted reaction. General introductionmicrowave assisted reaction. General introduction
microwave assisted reaction. General introduction
 
Staff of Color (SOC) Retention Efforts DDSD
Staff of Color (SOC) Retention Efforts DDSDStaff of Color (SOC) Retention Efforts DDSD
Staff of Color (SOC) Retention Efforts DDSD
 
How to Make a Pirate ship Primary Education.pptx
How to Make a Pirate ship Primary Education.pptxHow to Make a Pirate ship Primary Education.pptx
How to Make a Pirate ship Primary Education.pptx
 
Web & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdfWeb & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdf
 
Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991
Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991
Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991
 
Hybridoma Technology ( Production , Purification , and Application )
Hybridoma Technology  ( Production , Purification , and Application  ) Hybridoma Technology  ( Production , Purification , and Application  )
Hybridoma Technology ( Production , Purification , and Application )
 
1029 - Danh muc Sach Giao Khoa 10 . pdf
1029 -  Danh muc Sach Giao Khoa 10 . pdf1029 -  Danh muc Sach Giao Khoa 10 . pdf
1029 - Danh muc Sach Giao Khoa 10 . pdf
 
INDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptx
INDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptxINDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptx
INDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptx
 

Johnny Cake Limited has 10 million shares of stock outstanding sell.pdf

  • 1. Johnny Cake Limited has 10 million shares of stock outstanding selling at $20 per share and an issue of $50 million in 5.12 percent, annual coupon bonds with a maturity of 13 years, selling at 93.5 percent of par ($1,000). If Johnny Cake's weighted average tax rate is 21 percent, its next dividend is expected to be $2.00 per share, and all future dividends are expected to grow at 5 percent per year, indefinitely, what is its WACC? a. 12.64 percent b. 13.27 percent c. 13.03 percent d. 14.06 percent