The present value of an annuity of n periodic payments of P at r% where payment is made annually is given by:
Given that <span>Estes
Park Corp. pays a constant dividend of P = $6.95 on its stock. The company
will maintain this dividend for the next n = 12 years and will then cease
paying dividends forever. If the required return on this stock is r = 10 % = 0.1.
Thus, the current share price is given by:
Therefore, the current share price is $47.36
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Answer:
Step-by-step explanation:
The long division for 3/8 results in getting 0.375, so 45 3/8 is 45.375.
From here, the only thing you can really do is divide it by 10 to get
4.5375 and since you can't divide further, the answer would be
4.5375 * 10^1
Answer:
Step-by-step explanation:
Answer:
x = 0 or x = -7
Step-by-step explanation:
Solve for x over the real numbers:
6 x^2 = -42 x
Add 42 x to both sides:
6 x^2 + 42 x = 0
Factor x and constant terms from the left hand side:
6 x (x + 7) = 0
Divide both sides by 6:
x (x + 7) = 0
Split into two equations:
x = 0 or x + 7 = 0
Subtract 7 from both sides:
Answer: x = 0 or x = -7
Answer:
profit section and that is answer A