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3 years ago

10

The janitor at a school discovered a leak in a pipe. the janitor found that it was leaking at a rate of 99 fl oz per minuteminut

e. how fast was the pipe leaking in gallons per hourhour?

1 answer:

Dahasolnce [82]3 years ago

8 0

99 fl ounces is roughly = 0.77 gallons
that being 0.77 x 60
46.2 gallons per hour.

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Answer:

There's an error in the numbers for this question; I found the correct one and pasted it below;

"Great Lakes Steel Supply is losing significant market share and thus its managers have decided to decrease the firm's annual dividend. The last annual dividend was $1.30 per share but all future dividends will be decreased by 2.75 percent annually. What is a share of this stock worth today at a required return of 15.5 percent? "

Explanation:

Use dividend discount model (DDM) to calculate the stock price

$P0 = \frac{D0(1+g)}{r-g}$

whereby,

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r = required return = 155% or 1.55 as a decimal

Next, plug in the numbers to the DDM formula above;

$P0 = \frac{1.30(1-0.0275)}{0.155 + 0.0275} \\ \\ = \frac{1.2643}{0.1825} \\ \\ =6.9277$

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