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EastWind [94]
2 years ago
12

Big Oil, Inc. has a preferred stock outstanding that pays an $7 annual dividend. If

Mathematics
1 answer:
Kruka [31]2 years ago
5 0

The change in the price of the stock is $46.67.

<h3>How to calculate the change in price?</h3>

From the information given, the current price will be:

= Annual dividend / Required rate

= 7/0.1

= $70

The market value of the shares will be:

= 7/6%

= 7/0.06

= $116.67

Therefore, the change in the price of the stock will be:

= $116.67 - $70

= $46.67

Learn more about stock on:

brainly.com/question/18124452

#SPJ1

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artcher [175]
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a model helicopter burns 1 2/5 ounces of fuel per minute. at that rate, how much fuel is needed for a 7 1/2 minute flight
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What is value of the digit 5 in the number 75
ycow [4]
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The first number starting from the right is the ones, and as you keep going left, the value of each given digit becomes higher.

Since 5 is in the ones place, its value would be just 5. If it were in the tens place, it would be 50. If it were in the hundreds place, it would be 500, and so on. 

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So here's an example: 
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In the tens place, you end up adding one zero, so the value of the second five to the left would be, "50"

So with that said, the value of the digit 5 in the number 75 is <em>5.

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Haha, hope this cleared up any confusion, and have a <em>wonderful </em>day! :)<em>
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You plug in 2000 for c
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