Arco Corporation declared a cash dividend on June 2 of $6 per common share. The company has 2,000 shares of common stock authorized, 1,000 shares issued, and 200 in the treasury. The entry to record the declaration of the cash dividend increases
a. a liability.
b. an asset.
c. an expense.
d. a stockholders' equity account.
a
Business
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The common stock of Cranberry, Inc. is selling for $26.75 on the open market. A dividend of $3.68 is expected to be distributed, and the growth rate of this company is estimated to be 5.5%
If Richard Dean, an average investor, is considering purchasing this stock at the market price, what is his expected rate of return?
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