Russell United has 28,500 shares of stock outstanding and ha…

Russell United has 28,500 shares of stock outstanding and has two open seats on its board of directors. Each share of common stock is granted one vote. How many additional votes are required to guarantee a seat on the board if the company were to use straight voting rather than cumulative voting?

Ruff Games just paid its annual dividend of $3.00. The firm…

Ruff Games just paid its annual dividend of $3.00. The firm plans to increase its dividend by 13 percent for the next 3 years and then maintain a constant 5 percent rate of dividend growth. The required return is 8.75 percent. What is the current value per share of this stock?

Johnston & Chu started the year with $650,000 in the common…

Johnston & Chu started the year with $650,000 in the common stock account and $1,318,407 in the additional paid-in surplus account. The end-of-year balance sheet showed $720,000 and $1,299,310 in the same two accounts, respectively. What is the cash flow to stockholders if the firm paid $68,500 in dividends?