Calculate the Missing Information for the Stocks, Rounding to the Nearest

question 7

Short Answer

Calculate the missing information for the stocks, rounding to the nearest hundredth for earnings per share and annual dividend. $\begin{array}{c}\begin{array}{lll}\\\underline{\text {Company}}\\\text {Miami Nic } \end{array} \begin{array}{lll}\text {Earnings}\\\underline{\text {Per Share}}\\\\\end{array}\begin{array}{lll}\text {Annual}\\\underline{\text {Dividend}}\\\\\end{array}\begin{array}{lll}\text {Current Price}\\\underline{\text {Per Share}}\\ 58.25\end{array}\begin{array}{lll}\text {Current}\\\underline{\text {Yield }}\\2.1\%\end{array}\begin{array}{lll}\text {Price-Earnings}\\\underline{\text {Ratio}}\\26\end{array}\end{array}$

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Definitions:

Borrowed Funds

Money that an entity borrows from another to finance its operations, investments, or other expenditures that must be repaid with interest.

Report Rates

The interest rates reported by financial institutions, often related to loans or deposits, to regulatory bodies or in their financial statements.

LIBOR

The London Interbank Offered Rate is a standard interest rate used by leading international banks for loans to each other.

Federal Funds Rate

The Federal Funds Rate is the interest rate at which depository institutions lend reserves maintained at the Federal Reserve to other depository institutions overnight.