# Most corporations pay quarterly dividends on their common stock rather than annual dividends. Barri

Most corporations pay quarterly dividends on their despicable supply rather than annual dividends. Barring any unbase term during the year, the consideration raises, lowers, or maintains the general dividend once a year and then pays this dividend out in similar quarterly installments to its distributeholders. Required: (a) Suppose a aggregation generally pays an annual dividend of \$3.20 on its despicable supply in a solitary annual installment, and address plans on preferment this dividend by 6 percent per year indefinitely. If the required reappear on this supply is 12 percent, what is the general distribute expense? (Do not plump intervening calculations. Current distribute expense \$ (b) Now judge the aggregation in (a) really pays its annual dividend in similar quarterly installments; thus, the aggregation has upright remunerated a dividend of \$.80 per distribute, as it has for the earlier three quarters. What is your appraise for the general distribute expense now? (Hint: Find the equipollent annual end-of-year dividend for each year.) (Do not plump intervening calculations. Current distribute expense \$