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

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Tomb trees are standing side-by-side in the sunlight one is 50 feet tall and the other is 20 feet tall if the taller tree cast a

8090 [49]

Answer: Length of shorter tree = 7.2 feet .

Step-by-step explanation:

Given : Height of two trees as 50 feet and 20 feet.

At same time the angle made by sun rays would be same for both trees.

Both trees are vertical to the ground making right angle so triangles made by both triangles must be similar.

Corresponding sides of similar triangles are proportional.

So $\dfrac{\text{length of the shadow of the shorter tree}}{\text{height of shorter tree}}=\dfrac{\text{length of the shadow of the bigger tree}}{\text{height of bigger tree}}\\\\=\dfrac{\text{length of the shadow of the shorter tree}}{20}=\dfrac{18}{50}\\\\\Rightarrow\ \text{length of the shadow of the shorter tree}=\dfrac{18}{50}\times20\\\\\Rightarrow\ \text{length of the shadow of the shorter tree} = 7.2$