Answer:
The current share price is $71.05
Explanation:
P3 = D3(1 + g)/(R – g)
= D0[(1 + g1)^3](1 + g2)/(R – g)
= [$1.45*(1.20)^3(1.08)]/(0.11 – 0.08)
= $90.20
The price of the stock today is the PV of the first three dividends, plus the PV of the Year 3 stock price given by:
P0 = $1.45(1.20)/1.11 + $1.45[(1.20)^2]/1.112 + $1.45[(1.20)^3]/1.113 + $90.20/1.113
= 1.568 + 1.695 + 1.832 + 65.958
= $71.05
Therefore, The current share price is $71.05
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Paying the minimum interest on an account balance leads to paying the most in interest because you will make the payments over a longer period of time. The sooner you get the balance paid off, the less amount of interest you will pay. Interest stacks on top of each other over the length of time to pay the debt off.
Answer:
The marginal revenue product of the second worker is:_______
a. $16.
Explanation:
a) Data and Calculations:
Quantity of Labor Total Product Total Revenue Marginal Revenue
1 4 $16 $16
2 8 32 $16
3 11 44 $12
4 13 52 $8
5 14 56 $4
b) The Marginal Revenue of labor refers to the additional revenue that is derived when one additional unit of labor is employed into production. It can be calculated by deducting the total revenue obtained by the addition of one unit of labor to the total revenue before the addition.
Training is teaching someone something they don't know.