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Bridger Bike Corp. manufactures mountain bikes and distributes them through retail outlets in Montana, Idaho, Oregon, and Washington. Bridger Bike Corp. has declared the following annual dividends over a six-year period ending December 31 of each year: 2005, $5,000; 2006, $18,000; 2007, $45,000; 2008, $45,000; 2009, $60,000; and 2010, $67,000. During the entire period, the outstanding stock of the company was composed of 10,000 shares of 2% cumulative preferred stock, $100 par, and 25,000 shares of common stock, $1 par.
For parts 1 and 2, round all answers to nearest whole cent. Enter a zero if no dividends will be paid.
1. Use the attached spreadsheet to reach the solutions for this problem.
Determine the total dividends and the per-share dividends declared on each class of stock for each of the six years. There were no dividends in arrears on January 1, 2005. Summarize the data in tabular form, using the following column headings:
Year Total
Dividends Preferred Dividends Common Dividends
Total Per Share Total Per Share
2005 $ 5,000 $ $ $ $
2006 18,000
2007 45,000
2008 45,000
2009 60,000
2010 67,000
$ $
2. Determine the average annual dividend per share for each class of stock for the six year period.
Average annual dividend for preferred: $ per share
Average annual dividend for common: $ per share
3. Assuming a market price of $125 for the preferred stock and $8 for the common stock, calculate the average annual percentage return on initial stockholders’ investment, based on the average annual dividend per share (a) for preferred stock and (b) for common stock.
Round to one decimal place.
Preferred stock: %
Common stock: %
I study in 10th grade in a CISCE-affiliated school, but I don’t like the ICSE syllabuses for History/Civics, Geography, Environmental Education, Hindi and English grammar and literature, all of which are compulsory subjects.
BQs:
Which of the two(ICSE and IGCSE) has better curriculum and syllabuses?(according to you)
Do IGCSE schools in India give students admission to 10th grade or do I have to study 9th grade again if I want to study in an IGCSE school? I have already passed 9th grade in a CISCE-affiliated(ICSE) school(That school sucks). How much will studying in an IGCSE school cost? (in INR)
Or should I get home schooled in IGCSE’s 9th and 10th grade syllabuses? How much will homeschooling cost?
Can one complete IGCSE in just one year instead of two years if they want to?
Or should I study 10th grade ICSE in an alternative school? How much will studying in an alternative school cost?
Or should I study in the same school and give the ICSE exams?
Which is more exam-oriented, ICSE or IGCSE?
Printing money has been tried and has failed. Government stimulus spending has been tried and has failed. Let’s try deregulating the energy sector. It will be a robust job generator! The secret to stimulating our economy is energy not printing money. We have abundant cheap energy here in America. Government regulation is limiting access to these natural resources!
QE2 ended with oil prices peaking @ over 120 a barrel. This extreme price of oil stalled the recovery.
Why then is the Obama administration holding back oil production in America? Reducing regulation on the energy sector would not only create jobs in this specific industry, it would make ALL AMERICAN INDUSTRY more profitable. And consumers would have enhanced spending power. It would be a jobs bonanza and a new raging bull market. This is why Oblunder is finished next year. We can’t afford his rigid ideology in this economy!
From the moment you walk down the halls on your first day, it begins. The pressure consumes you, swallows you. Immediately it’s all about making friends, fitting in, and finding your niche. Already cliché cliques are forming: the jocks, the snobs, the mathletes, the stoners, and the notorious couch potatoes. One must define his or herself or face being defined by others. We categorize ourselves into one of these and conform to what society expects. Fearful of rejection, we stay comfortably within these expectations and boundaries. It usually goes a little like this: if you are a member of Assiteens Charity League your freshman year you are deemed a goodie-two-shoes, if you start on the varsity soccer team your sophomore year you are thought of as a jock, if you still go to church every Sunday by junior year you are a bible banger, if you actually do homework senior year you are officially a nerd. If I have learned one thing in my 4 years, it is that by allowing yourself to be classified and limited to only one of these clichés you have killed your true self. Conformity only limits your potential, shadows your ability, and narrows your opportunities.
When I came to this realization, I allowed myself to broaden my interests, increase my confidence, and discover my true self. I have defied the pressure, the clichés, and the expectations of others. I am proud to be an athletic, spiritual, and philanthropic nerd.