Answer:
Stock Price of LeBlanc in four years = $37.517
Explanation:
Dividend Discount model is as follows:
Where,
= Price of share at end of four years
= Dividend to be paid at end of 5th year
= return on equity or cost of equity
g = growth rate
Now we have the information as follows:
Dividend at 5th year end = ((($3 per share + 3%) + 3%) + 3%) +3% = 3.765
Cost/ Return on equity = 12%
Growth rate = 3%
Therefore price =
=
Stock Price of LeBlanc in four years
= $37.517
<span>5. Identifies a product with a mark which can be "read" by electronic scanners.
UPC is a machine scannable bar code that's used in the United States, Canada, United Kingdom, and many other countries for tracking items in stores. The very first UPC marked item scanned at a retail checkout was a10-pack of Wrigley's Juicy Fruit chewing gum on June 26, 1974. This item was put on display in the Smithsonian National Museum of American History in Washington, D.C.
With that in mind, let's look at the options and see what does or does not make sense.
1. Was required by the federal fair packaging and labeling act.
* Since this act requires "consumer commodities" to be labeled with their identity, name & place of manufacturer, and its quantity, this is far more information than a 10 digit code can encode. So this answer is wrong.
2. Slows down the retail checkout process.
* If the UPC code slowed things down, that would increase the cost to the retailers for no gain. In fact, the use of the UPC has reduced checkout times and has improved accuracy. So this choice is also wrong.
3. All of the above are true.
* Since the above 2 are wrong, so is this.
4. Involves placing the price per ounce on or near the product.
* The UPC identified what the item is. The price doesn't appear on the UPC. So this too, is wrong.
5. Identifies a product with a mark which can be "read" by electronic scanners.
* This is exactly what the code does. So this is the correct choice.</span>
Answer:
FV= $46,031.45
Explanation:
Giving the following information:
Monthly deposit= $450
Number of months= 59
Interest rate= 0.21/12= 0.0175
To calculate the final value, we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit
FV= {450*[(1.0175^59) - 1]} / 0.0175 + 450
FV= $46,031.45
Answer:
$18,711.57
Explanation:
The amount that the Bob will be getting at the beginning of the each month for the next 30 years shall be determined through the present value of annuity formula which shall be determined as follows:
Present value of annuity=R+R[(1-(1+i)^-n)/i]
R=Amount that he will be getting per month for next 30 years=?
i=interest rate per month=5/12=0.4167%
n=number of payment involved=30*12=360 and since the first payment is made at the start of month, therefore the n=359
Present value of annuity=$3,500,000
$3,500,000=R+R[(1-(1+0.4167%)^-359)/0.4167%]
$3,500,000=R+186.05R
$3,500,000=187.05R
R=$18,711.57=payment per month
Answer:d
Explanation:I just took the test.