Answer:
2,010,252 Shares
Explanation:
The funds that are to be raised = $53,000,000
Spread = 7.5%
Share price = $29.00
Flotation cost with issue = 925,000
We have that:
(53000000+925000)/92.5 * 100
(539,250,000/92.5)x100
= $58297.973 x 100
= $58297297.3
The offer per share is placed at $29.00
So to get the number of shares sold:
$58297297.3 / $29.00
= 2,010,252 shares are to be sold.
Because casual is an objective term and what constitutes "casual" attire may drastically differ by company
"The length of stay at your current residence" is the one among the following choices given in the question that is the data <span>used to determine credit scores. The correct option among all the options that are given in the question is the second option or the penultimate option. I hope the answer comes to your help.</span>
Answer:
Q1. Selena would have earned <u>$25</u> in interest by the end of the year.
We calculate interest using the Simple Interest (SI) formula which is :
where
P = Principal or amount deposited
N = No. of years of deposit
R= Interest rate per annum
Substituting the values we have,
Q2. At the end of two years (eight quarters), the balance in the account will be <u>$866.28</u> . That means Suki will have earned <u>$66.28</u> in interest during that time.
We have
Amount deposited (P) = $800
Annual interest rate (i)= 4%
No. of compounding periods in a year (n)= 4
No. of years (t)= 2
We calculate amount at the end of two years with the following formula:
[tex]Compound interest = 866.2853645 - 800 = 66.2853645[/tex]
Q3. It will take <u>18 years</u> for the money to double to $100.
The rule of 72 is used for determining the time period in which an investment doubles itself. We use this rule by dividing 72 by the interest rate.
So,