Answer:
$33.93
Explanation:
First, find the present value of each year's dividend at 15% required rate of return;
(PV of D1 ) = 4.40 / (1.15) = 3.8261
(PV of D2 ) = 4.50 / (1.15²) = 3.4026
Next, find terminal Cashflow;
D3 = D2 (1+g)
D3 = 4.50 (1.02) = 4.59
(PV of D4 onwards ) = 
Next sum up the PVs to find price;
=3.8261 + 3.4026 + 26.6977
= 33.926
Therefore, this stock is worth $33.93 today
Banking, Because how you deposit and withdraw will help you externally
The largest and most expensive social welfare programs in
America are Social Security and Medicare. Medicare receives the funding the
most, and it is not tested program while the social security is the example of entitlement.
The Social Security Act of 1935 brought government into the equation of the
obligations of one generation to another.
Situations in which an employer would be required to pay overtime are:
A salaried employee works on a Saturday
A salaried employee works on a federal holiday
Explanation:
Overtime payments are required b the law to pay to a firm when they make their employees work over the permissible limit of work or hat is allowed int he job contract as the work limit for the company.
The concept is introduced for salaried workers as the work for a salary for the month and not on the hourly basis.
They are to be paid whenever they are made to work over whatever is in their contract which includes Saturday for most workers who do not have an off then and also on federal holidays invariably.