Dmitri is training for a triathlon, a timed race that combines swimming, biking, and running. Consider the following sentence: B
2 answers:
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Answer:
B. 2 percent
Explanation:
<em>1. ANNUAL DIVIDEND:</em>
The net dividend paid to shareholders can be calculated as follows;
Retained Earnings = Net Income - Net Dividend Paid to the Shareholders
We are given the following information;
Retained Earnings = $2.4 million = $2,400,000
Net Income = $4 million = $4,000,000
Hence, by putting the above values in the equation as;
$2,400,000 = $4,000,000 - Net Dividend Paid to the Shareholders
or
Net Dividend Paid to the Shareholders = $4,000,000 - $2,400,000
Net Dividend Paid to the Shareholders = $1,600,000
or
Annual Dividend = $ 1,600,000
<em>2. CURRENT STOCK PRICE:</em>
Current stock price can be calculated as follows;
Current Stock Price = Outstanding Shares x Current price for a single share
We are given the following information;
Outstanding Shares = 1 million = 1,000,000
Current price for a single share = $80
Hence, by putting the above values in the equation as;
Current Stock Price = 1,000,000 x $80
Current Stock Price = $80,000,000
<em>3. DIVIDEND YIELD:</em>
Dividend Yield can be calculated as follows;
Dividend Yield =
Annual Dividend = $1,600,000
Current Stock Price = $80,000,000
Dividend Yield =
Dividend Yield = 0.02
Dividend Yield = 2%
Hence option B is the correct answer.
Answer: $12477.27
Explanation:
The formula to find the compound amount after t years (compounded semiannually) :-
Given : Principal amount : P = $ 8,000
Rate of interest :
Time : 9 years
Now,
The final amount in the account will be $12477.27