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4 years ago

How to open a saving bank explain

Business

1 answer:

sweet [91]4 years ago

4 0

Answer:

Gather the information you need, open an account online or in person. Sumit an application.

Explanation:

Gather the information you need to open an account: government-issued identification (a driver's license number, military ID, or other ID), your Social Security number, and a mailing address. Open an account online or in person by submitting an application. Fund the account with an initial deposit if required

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Cost of common stock equity Ross Textiles wishes to measure its cost of common stock equity. The firm's stock is currently sell

lora16 [44]

Answer:

A)grow = 6.33%

Nxt year dividends(rounded to nearest cent): $4.31

B) The firm receives 93% (1 - flotation cost) of the market value of the shares so It receives the 42.06 per share

C) stock return 15.86%

D) required rate of return (with flotation): 16.57%

Explanation:

<u>We solve for the constant grow rate:</u>

$\frac{Div_0}{(1 + grow)^{time} } = Div_{time}$

$\frac{2.98}{(1 + grow)^{5} } = 4.05$

$grow= \sqrt[5]{4.05/2.98} -1$

grow= 0.063280262

<u>Dividends for the sixth year:</u>

4.05 x (1.0633) = 4,306365

42.06 / (1 - flotation cost) = 45.23

flotation cost = 1 - 42.06 / 45.23 = 0.07 = 7%

rate of return without flotation:

4.31/45.23 + 0.0633 = 0.158590736 = 15.86%

solving for return considering the existence of flotation cost:

$\frac{divends}{return-growth} = Intrinsic \: Value$

$\frac{divends}{Price} = return-growth$

$\frac{divends}{Price} + growth = return$

$$Cost of Equity =\frac{D_1}{P(1-f)} +g$

D1 4.31

P 45.23

f 0.07

g 0.0633

$$Cost of Equity =\frac{4.31}{45.23(1-0.07)} +0.0633$

Ke 0.165763157 = 16.57%

6 0

3 years ago

King salons leased equipment from smith co on july 1 in a finance lease. the present value of the lease payments discounted at 1

Alex73 [517]

Answer:

The amount of interest revenue is $ 3,996.

Explanation:

The Lease receivable at December 31,2021 is =79,100-12,500=66,600

Acording to the details The X Interest rate is 12% and The X Fraction of year is 6/12.

Hence, the calculation of The Interest revenue in December 31,2021 is =

=66,600×12%×6/12= $ 3,996 is the amount of interest revenue from the lease should smith co report in its dec 31 2021 income statment

4 0

4 years ago

Based on the graph below, if January and February are the two coldest months, what can you conclude about the selling of French

Over [174]

January and February are the 2 worst months to make a large profit by selling french fries. The most sold are during September and November. These months are much warmer than January and February.

7 0

4 years ago

Read 2 more answers

Perry, a buyer for Superior Products Company, a manufacturer of bulletin boards and other office supplies, visits a lumberyard a

Volgvan

Answer:

The correct answer is letter "A": an express warranty.

Explanation:

An express warranty is an arrangement established by a buyer and a seller so that the seller is in charge of repairs of a good sold by the seller in case it presents failures under certain circumstances. The warranty covers the product for a specified time in the contract and must be written in case the purchase value of the product is higher than $15.

5 0

3 years ago

Kevin Oh is planning to sell a bond that he owns. This bond has four years to maturity and pays a coupon of 10 percent on a semi

ser-zykov [4K]

Answer:

The price of the Bond is $937.9

Explanation:

Price of bond is the present value of future cash flows, The coupon payment and the face value are discounted separately and added together to make the price of the bond. To calculate Price of the bond use following formula

Price of the Bond = C x [ ( 1 - ( 1 + r )^-n ) / r ] + [ F / ( 1 + r )^n ]

As the payments are made on semiannual basis so, all the calculation will be made accordingly

Assuming Face value of the bond is $1,000.

Coupon payment = 1000 x 10% = $100 annually = $50 semiannually

Number of periods = n = 4 years x 2 = 8 periods

Yield to maturity = 12% annually = 6% semiannually

Price of the Bond =$50 x [ ( 1 - ( 1 + 6% )^-8 ) / 6% ] + [ $1,000 / ( 1 + 6% )^8 ]

Price of the Bond = $50 x [ ( 1 - ( 1.06 )^-8 ) / 0.06 ] + [ $1,000 / ( 1.06 )^8 ]

Price of the Bond = $310.49 + $627.41

Price of the Bond = $937.9

7 0

3 years ago

How to open a saving bank explain​

How to open a saving bank explain