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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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2x - 3y = 9; 2x + y = 13
olga2289 [7]

Answer:

See explanations below

Step-by-step explanation:

Given the simultaneous equations;

2x - 3y = 9... 1

2x + y = 13 ... 2

From 2;

y = 13-2x

Substitute into 1;

2x - 3(13-2x) = 9

2x -39 + 6x = 9

8x - 39 = 9

8x = 9+39

8x = 48

x = 6

Since y  = 13-2x

y = 13-2(6)

y = 13-12

y = 1

The soluton to the system of equation is (6, 1)

Given the equations;

99x + 101y = 499; .... 1 * 101

101x + 99 y = 501 ... 2 * 99

______________

9999x + 10,201y = 50,399

9999x + 9801y = 49,599

Subtract

10201y - 9801y = 50399-49599

400y = 800

y = 2

Substitute y = 2 into 1;

From 1;

99x + 101y = 499

99x + 101(2) =499

99x +202 = 499

99x = 499 - 202

99x = 198

x = 198/99

x =2

Hence the solution is (2,2)

For the equations;

49x - 57y = 172 .... * 57

57x - 49y = 252 __ * 49

____________________

2793x -3249y =  9804

2793x - 2401y = 12348

Subtract

-3249y+2401y = 9804-12348

-848y = -2544

y = 3

Substitute into 1;

49x - 57y = 172

49x - 57(3) = 172

49x - 171 = 172

49x = 171+172

49x = 343

x = 7

Hence the solution is (7, 3)

8 0
2 years ago
Write these sums as decimals: <br><br> 2/100 + 3/1,000 = <br><br> 1/10 + 4/10,000 =
fgiga [73]

Answer:

1 ) 0.023

2 ) 0.1004

Step-by-step explanation:

2 / 100 + 3 / 1000

= 0.02 + 0.003

= 0.020 + 0.003

= 0.023

1 / 10 + 4 / 10,000

= 0.1 + 0.0004

= 0.1000 + 0.0004

= 0.1004

7 0
3 years ago
A bacteria cell splits into two cells every hour. Write and evaluate an exponential expression to find how many cells there will
ryzh [129]
Easy

equation is
f(x)=2ˣ

where x=number of hours elapsed

after 6 hours
f(6)=2⁶=64 bacteria


to solve for 1024

1024=2ˣ
take ln of both sides
ln(1024)=ln(2ˣ)
ln(1024)=x(ln(2))
divide both sides by ln(2)
ln(1024)/ln(2)=x
using calculator
10=x

or you could recognize that
1024=2¹⁰
or keep divising 1024 by 2


10 hours for 1024 bacteria

4 0
3 years ago
Determine the slope of the line that passes through the given points. (8, 1) and (8, -4)
Pie
This would be undefined
8 0
3 years ago
A dime is worth 10 pennis.Marley brought 290 pennis to the bank . How many dimes did marley get?
Julli [10]
ok so 10 pennis is 1 dime which is 10 cents ok lets go to the next number 20 pennis will be 2 dimes because its the same cents then 30 pennis will be 3 and 40 will be 4 so just divide 10 into the number of pennis or in this case you have a easy out you can just use the numbers infront of the zero since you are talking about dimes.
It would even be the same if you had 2,300 pennis you would have 230 dimes
8 0
3 years ago
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