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Crank
3 years ago
13

Which of the following types of berries are generally cooked before eating?

Business
2 answers:
Sedbober [7]3 years ago
7 0
C. cranberries
the others are normally eaten raw
Elena L [17]3 years ago
4 0
The answer is C. Cranberries
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AC Electric just paid a $2.10 per share annual dividend. The firm pledges to increase its dividend by 2.4 percent for the next 5
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Answer:

$16.74

Explanation:

First , find the dividend per year;

D1 = 2.10(1.0.24) = 2.1504

D2 = 2.1504(1.024) = 2.2020

D3 = 2.2020(1.024) = 2.2548

D4 = 2.2548(1.024) = 2.3089

D5 = 2.3089(1.024) = 2.3643

D6 = 2.3643(1.02) = 2.4116

Next, find the present value of the dividends;

PV (of D1) = 2.1504/ 1.15 = 1.8699

PV (of D2) = 2.2020/ 1.15² = 1.6650

PV (of D3) = 2.2548/ 1.15³ = 1.4826

PV (of D4) = 2.3089/ (1.15^4) = 1.3201

PV (of D5) = 2.3643/ (1.15^5) = 1.1755

PV (of D6 onwards)= \frac{\frac{2.4116}{0.15-0.02} }{1.15^{5} } \\ \\ =\frac{18.5508}{2.0114}

PV (of D6 onwards) = 9.2228

Next, sum up the PVs to find the price of the stock;

= 1.8699 + 1.6650 + 1.4826 + 1.3201 + 1.1755 + 9.2228

= 16.7359

Therefore the value of one share is $16.74

3 0
3 years ago
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