Answer:
$64
Explanation:
A firm has an annual dividend of $4
The required return is 16%
Therefore the value of the preferred stock can be calculated as follows
= 16/100 × 4
= 0.16 × 4
= 0.64 ×100
= $64
Hence the value of the preferred stock is $64
Answer: $30000
Explanation:
Based on the information given in the question, the required reserve will be:
= $60000 × 25%
= $15000
Since the bank's required and excess reserves are equal, then the excess reserve will be $15000.
Therefore, the actual reserves will be:
= Required reserve + Actual reserve
= $15000 + $15000
= $30000
True: if society wishes to reduce overall pollution by a certain amount, it is efficient to have firms with lower costs reduce greater amounts of pollution than those with higher costs
Merchandise 7X, the "secret ingredient" or "secret formula" in Coca-Cola. The ingredient has remained a secret since its invention in 1886 by John Pemberton.
