Answer:
price below 25: 25.2493%
price above 28: 36.9441%
Explanation:
median = (min + max) / 2 = (18 + 36) / 2 = 27
standard deviation: in a normal distribution all values are among 6 standard deviaiton: (36 - 18) / 6 = 3
We need to convert the values into a normal distribution of (0;1)
<u>Probability of less than 25:</u>
(X - median) / standard deviation = (25 - 27) / 3 = -0.66667
Now, we look into the normal distribution for this value
P(z< -0.6667) = 0.252492538
<u>Probability of more than 28</u>
1 - probability of less than 28
normalization:
(X - median) / standard deviation = (28 - 27) / 3 = 0.33333
1 - P(z<0.33333)
1 - 0.63055866 = 0.36944134
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Answer:
Share price = 29.16
Explanation:
Given:
Dividend paid = $3.50
Required rate of return = 12% = 12/100 = 0.12
Growth rate = 0%
Find:
Share price = ?
Computation:
⇒ Share price = Dividend paid / [Required rate of return - Growth rate
]
⇒
Share price = $3.5/(0.12-0)
⇒ Share price = 29.16
I believe the answer is B
Answer:
$1,511,642.50
Explanation:
Kindly check attached picture for detailed explanation
