Answer:
The expected price after 1 year would be$55.5
Explanation:
According to the given data,
Price of the stock (Po) = $50
Dividend after 1year (D1) = $2
Equity cost of capital (KE) =15%
The formula for calculating the price after 1 year i.e.,(P1 ) is
Po = (D1 + P1 )/ 1+KE $50= ($2 + P1) / (1+0.15)
P1 = [$50(1.15)] - $2 = $55.5
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Answer:
- <u><em>4,099 units or more</em></u>
Explanation:
The cumulative distribution of a random variable X that follows a normal distribution is given by the area undear the "bell curve" and the values are given by the corresponding table for the standard normal distribution.
The standardized value of the variable X is called Z and is calculated with the formula:
Where:
You read the Z-value for which the probability is greater than or equal to 5% in the table for the values of the area to the right of Z. Using probability = area under the curve ≥ 5%, the Z-value is 1.645 (interpolating between p = 0.0495, Z = 1.64 and p = 0.0505, Z = 1.65).
Substituting in the formula for Z:
- X= 60 × 1.645 + 4,000 = 4,098.7 ≈ 4,099
Hence, the bonus will be paid on 4,099 units or more.
Educational requirements must a non-resident salesperson meet in order to qualify for licensure as a Missouri broker should finish the 48-hour broker training program.
Not only non-resident salesperson license holders must successfully complete the 48-hour broker course in addition to having the necessary experience but also pass an exam to be eligible for a broker's license.
Additionally, a non-resident license certification is required.
Also, The 24-hour practice course, passing the state part of the salesperson exam, and submitting a non-resident license certification from the other state are requirements for non-resident salesperson license holders who want to earn a Missouri salesperson license.
Hence, Educational requirements must a non-resident salesperson meet in order to qualify for licensure as a Missouri broker should finish the 48-hour broker training program.
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