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Mashutka [201]
3 years ago
15

The Garden Shoppe has adopted a policy of increasing the annual dividend on its common stock at a constant rate of 1.65 percent

annually. The firm just paid an annual dividend of $1.84. What will the dividend be eight years from now?
Business
1 answer:
Andru [333]3 years ago
3 0

Answer:

In order to find the dividend 8 years from now we will use the formula D*(1+R)^N

Right now

D= 1.84

R=1.65%

N= 8

1.84*(1.0165)^8

=2.097

The dividend 8 years from now will be $2.097.

Explanation:

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5 0
3 years ago
Instead of attending class, one could have worked an extra hour at the café for $10 or watched a neighbor’s child for $15. the o
Lina20 [59]
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g Oregon Corp. prepares its financial statements annually and has a calendar year end. The adjusted trial balance ( NO MORE ADJU
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Answer:

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