Answer:
The current stock price is $65.54
Step-by-step explanation:
Consider the provided information.
The company will then pay a dividend of $15.75 per share 10 years from today and will increase the dividend by 5 percent per year thereafter. If the required return on this stock is 13 percent,
Therefore, the value of next dividend is $15.75, and it will increase with the rate of 5% i.e growth rate = 5% = 0.05
The required rate is 13% = 0.13
Now calculate the stock price for the next 9 yr as shown:
Now calculate the current stock price as shown:



Therefore, the current stock price is $65.54
Answer:
The cost written as a fraction is --> 4 13/99
Step-by-step explanation:
Let x = 4.131313
100x = 413.1313
So, 100x - x = 99x
100(4.131313) - 4.131313 = 408.99, or 409 when rounded
x = 409/99
x = 4 13/99
Answer:
Jatziry, Kwa, Miguel, Gina
Step-by-step explanation:
I changed it into decimal.
0.1, 0.11, 0.125, 0.13
Answer:
The paper had 1698.3 subscribers last year.
Step-by-step explanation:
11,322 * 85% = 9623.7
11,322 - 9,623.7 = 1698.3
So, the answer is 1698.3
Hope this helps! :)