1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
alekssr [168]
3 years ago
13

Moody Farms just paid a dividend of $3.35 on its stock. The growth rate in dividends is expected to be a constant 4 percent per

year indefinitely. Investors require a return of 16 percent for the first three years, a return of 14 percent for the next three years, and a return of 12 percent thereafter. What is the current share price?

Business
1 answer:
DIA [1.3K]3 years ago
6 0

Answer:

$38.02

Explanation:

Please see attachment .

You might be interested in
12. When it comes to managing money, success
Deffense [45]

<u>Answer:</u> Option D

<u>Explanation:</u>

The personal finance success of the person depends on the money managing behavior rather than the knowledge. If more money is spent then the individual looses the opportunity to make investments and save for the future.

Increased spending without saving also has the risk of increased debts and increases the stress. The savings is low for many people and for the purpose of spending money they borrow money. A person who has more debts it keeps him from building assets and investments.

5 0
3 years ago
because your clients job he must live in a city apartment he is increasingly tired of the city life however he daydreams about l
jok3333 [9.3K]
If the choices are the following,

a. The sophisticated city look that reflects his business life. 
b. Barefoot and serene tropical decor to reflect the lifestyle he wishes he had.
c. Plain, non-stylized environment, neither city nor tropical, so that he won't be reminded of his conflicts.
d. Redefined traditional look with one or two large tropical accessories.

then, choice (b) is correct. Since he wishes to live on a tropical island, it would be best if the decorating plans fit his wishes. By that, he relieves himself from the stress of city life.
3 0
3 years ago
Mr. Bell buys a home for an unspecified amount. He pays a down payment of $20,000 and finances the remainder for 15 years with l
vampirchik [111]

Answer:

$146,105.22.

Explanation:

First, find the monthly interest rate from an effective rate of 6%

Rate = (1.06) ^ (1/12) - 1 = 0.00486755

Present value = 1692 [1 - (1.00486755) ^ - (180-100)] / 0.00486755 = 111,894.78  

At closing = 258,000 - 111,894.78 = $146,105.22

8 0
3 years ago
BSU Inc. wants to purchase a new machine for $35,500, excluding $1,400 of installation costs. The old machine was bought five ye
RoseWind [281]

Answer:

(a) Payback period: 4.6 years;

(b) IRR: 8.45%;

(c) NPV = $2,180; machine should be purchased.

Explanation:

(a)

We have net investment outlay = Purchase cost of new machine + Installation cost of new machine - Proceed from selling old machine = 35,500 + 1,400 - 2,200 = $34,700

Payback period = Initial investment outlay/ Cost saving per year = 34,700/7,500 = 4.6 years.

(b)

IRR is the discount rate that brings NPV of the project to zero. Thus, we have:

-34,700 + (7,500/IRR) x (1- (1+IRR)^-6) = 0 <=> IRR = 8% (Round to 0 decimal places.

(c)

NPV of the project is calculated at 6% required rate of return as: -34,700+ (7,500/6%) x (1- (1+6%)^-6) = $2,180.

Thus, new machine should be purchased.

5 0
3 years ago
Abbott Landscaping purchased a tractor at a cost of $42,000 and sold it three years later for $21,600. Abbott recorded depreciat
serg [7]

Answer:

Hi

Explanation:

Hi

8 0
3 years ago
Other questions:
  • which character is described in these lines? "the man-rular famous, the long worthy atheling, sighed for his liegemen
    8·2 answers
  • Knowledge Check 02 On February 28, the Jewelry store remits $975 of sales tax collected from its customers to the government. Pr
    8·1 answer
  • Political campaigns that operate at a local level and use face-to-face communication to generate interest and momentum by citize
    7·1 answer
  • Julia received a notice that her son’s tricycle had been recalled. Which consumer right protected Julia? the right to be informe
    15·2 answers
  • Splish Inc. manufactures cycling equipment. Recently, the vice president of operations of the company has requested construction
    8·1 answer
  • A firm has a production function satisfying constant returns to scale. Their cost of producing 100 units of their product is $20
    5·2 answers
  • During the first month of operations ended August 31, Kodiak Fridgeration Company manufactured 48,000 mini refrigerators, of whi
    12·1 answer
  • A prototype is ________.
    11·1 answer
  • The following information is taken from Reagan Company's December 31 balance sheet: Cash and cash equivalents $ 10,319 Accounts
    12·1 answer
  • How is it possible for nominal GDP to rise but real GDP to fall from one year to the next?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!