VIPSolutionsGive step-by-step solution with explanation and final answer: {give me the answer without bullet-points}Apple Corporation is interesied in investing in an innovative software company. It ‘decides to invest in Re-run Software Corporation and wants to buy 300,000 shares Re-run Corporation's current stock 123.58; and the expected dividend yield. ia6%. . put] AL eo] risa Calculate the'axpacted vakie of the year? = —
Question:
Give step-by-step solution with explanation and final answer:
{give me the answer without bullet-points}
Apple Corporation is interesied in investing in an innovative software company. It
‘decides to invest in Re-run Software Corporation and wants to buy 300,000 shares
Re-run Corporation's current stock 123.58; and the expected dividend yield.
ia6%. . put] AL eo] risa
Calculate the'axpacted vakie of
the year? = —
This is AI generated Response.
Asked by: Francis
Created at: 2026-01-23 14:25:23
Asked by: Francis
Created at: 2026-01-23 14:25:23
Final Answer:
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First, we need to calculate the expected dividend per share by multiplying the stock price by the dividend yield. The current stock price is $123.58 and the dividend yield is 6.1%. So, the expected dividend per share is $123.58 × .061 = $7.54338.
Next, we calculate the total expected dividend payment by multiplying the dividend per share by the total number of shares. The investor plans to buy 300,000 shares, so the total expected dividend payment is 300,000 × $7.54338 = $2,263,014.
Thus, the expected value of the first dividend payment (in total $) at the end of the year is **$2,263,014**.
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