B A 323 Lecture Notes - Lecture 8: Dividend Yield, Nyse American, Real Estate Broker
10 Apr 2018
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Zero growth: dividends expected at regular intervals forever = perpetuity, p0 = d/r. Constant growth stock: one whose dividends are expected to grow forever at a constant rate, g, d1 = d0(1+g)1, d2 = d0(1+g)2, dt = d0(1+g)t, d0 = dividend just paid, d1 to dt = expected dividends. Dividend characteristics: dividends are not a liability of the firm until declared by the board of. Directors: a firm cannot go bankrupt for not declaring dividends, dividends and taxes, dividends are not tax deductible for firm, taxed as ordinary income for individuals. 4: preferred stock generally does not carry voting rights. New york stock exchange (nyse: nyse, merged with euronext in 2007, nyse euronext merged with the american stock exchange in. 2008: members (historically, buy a trading license (own a seat, designated market makers, dmms (formerly known as (cid:862)spe(cid:272)ialists(cid:863), floor brokers, supplemental liquidity providers (slps)
