Able's property was taken by the city for a new civic center. Baker was Able's tenant in the property and had five years remaining on an advantageous lease. Which statement is TRUE of Baker's rights?
A. Baker's only right is to 30-day notification.
B. Baker has rights against Able for the value of his lease interest.
C. Baker has rights against the city for the value of his lease interest.
D. Both b and c are true of Baker's rights.
Answer: C. Baker has rights against the city for the value of his lease interest.
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DAS, Inc declared a $0.50 per share dividend on June 1. The date of record is June 20th, the
ex-dividend date is June 18th, and the payment date is June 31st. Andre owns a share of stock on June 1. Andre sells his share to Brett on June 19th, and Brett sells the share to LaMarcus on June 29th. Who will receive the dividend? A) Brett B) LaMarcus C) Andre D) no one, since the share was not owned consistently by one person over the period
The next dividend (Div1) is $1.80, the growth rate (g) is 6%, and the required rate of return (r) is 12%. What is the stock price, according to the constant growth dividend model?
A) $31.80 B) $30.80 C) $30.00 D) $15.00