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
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The answer for what the ratio is for 4% is 4:100
3 x 2 and 1/3? The answer is 7.
Assuming this is a binomial distribution, P(x=15) = 0.0416
Answer: Sales tax would be $5.40
Step-by-step explanation: The sales value itself of the dress (that is, without tax) is $65.49.
The amount charged as sales tax in Pearland is given as 8.25% (or 0.0825).
Hence if she is shopping in Pearland, the AMOUNT OF SALES TAX she would pay can be calculated as,
Sales tax = Sales price x 0.0825
Sales tax = 65.49 x 0.0825
Sales tax = 5.402925
Approximately to two decimal places, the sales tax becomes $5.40
