Answer:
45.011
Explanation:
The current market value of a share is the present value of future dividends in perpetuity, discounted at the cost of equity (i.e. the return required by the providers of equity capital).
Based on the above discussion the share price shall be calculated as:
Present value of year 1 dividend=1.72(1+9%)^-1=1.58
(1.32*1.30=1.72)
Present value of year 2 dividend=1.89(1+9%)^-2=1.591
(1.72*1.10=1.89)
Present value of year 3 dividend=1.98(1+5%)^-3=1.71
(1.89*1.05=1.98)
Present value of all dividends after year 3=(d(1+g)/ke-g)(1+ke)^-3=(1.98(1+5%)/9%-5%)(1+9%)^-3=40.13
Current market value of share=45.011
(1.58+1.591+1.71+40.13)
Answer:
Howe receives $304,500 from the issue
Explanation:
The bond issue price is made up of the 99% price plus the interest accrued from the last date of interest payment to the date of bond purchase.
The amount to be received from the bond issuance is calculated thus:
99% price 300*$1000*99% $297,000
Accrued interest 3/12*10%*$1000*300 $7,500
Total amount received from the issue $304,500
Since the next payment of interest would be paid to the buyer,it is expected that the buyer pays the seller for interest accrued on the date of purchase that would eventually be paid to the buyer
Answer:
Activity quotas
Explanation:
An activity quota is a minimum level of sales-oriented actions that must be met by a salesperson during a given time period. An activity quota may require a salesperson to make a certain number of outbound calls, send a certain number of emails to potential clients, or submit a certain number of statements of work. An activity quota measures a single task that a salesperson completes to help generate sales; it doesn’t measure actual sales volume or output.
