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kondor19780726 [428]
3 years ago
13

In one or more complete sentences, explain the details and requirements to obtain a driver license.

Business
1 answer:
ycow [4]3 years ago
6 0
To obtain a drivers license you must have a permit first.
-You must drive daily and "do not" get stopped by the cops while you have your permit or you wont get your license. 
-While having your permit you must have a passenger 18 or older by your side at all times while driving with a permit.
-You must read the book of license. (DMV Drivers License Booklet)
-If you want more information about how to get your license, i suggest you read the DMV booklet.
Hope this answer helped!:)

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Investors require a return of 13 percent on the stock for the first three years, a return of 11 percent for the next three years
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Complete Question:

BenchMark, Inc., just paid a dividend of $3.45 on its stock. The growth rate in dividends is expected to be a constant 5 percent per year indefinitely. Investors require a return of 13 percent on the stock for the first three years, a return of 11 percent for the next three years, and then a return of 9 percent thereafter. What is the current share price for the stock.

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= $43.13

b) We can calculate BenchMark's current share price, by dividing the dividend per share by the investors' required rate of return after subtracting the growth rate from the required rate of return.

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