The price of the share would be calculated as -
Price of share = Annual constant dividend / Cost of equity
Given, cost of equity = 10.5 %
Annual constant dividend = $ 1.60
Price of share = $ 1.60 ÷ 10.50 %
Price of share = $ 15.238 or $ 15.24
False. A great example would be North Korea compared to the United States. In the United States we have the Freedom to Speech so we also have the the opportunity for news and social media where you can post pretty much anything. North Korea on the other hand lacks informing their own people and their own people lacks a stable and healthy government. We don’t know a lot about North Korea and they don’t know anything at all about us or the rest of the world.
Answer:
The correct answer is $720 in Year 1 and $240 in Year 2 Next.
Explanation:
According to the scenario, the given data are as follows:
Loan Amount =$16,000
Rate of interest = 6%
Time period for first year (Apr - Dec) = 9 months
Time period for second year ( Jan - Mar) = 3 months
So, we can calculate the amount of interest by using following formula:
For first year:
Amount of interest (1st year) = $16,000 × 6% × 9 ÷ 12 = $720
Amount of interest (2nd year) = $16,000 × 6% × 3 ÷ 12 = $240
Answer:
increase by more than $1 million
