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Taya2010 [7]
3 years ago
8

A stock sells for $6.99 on December 31, providing the seller with a 6% annual return. What was the price of the stock at the beg

inning of the year? $6.59 $1.16 $7.42 $5.84
Business
1 answer:
Dimas [21]3 years ago
6 0

Answer:

Correct option is 6.59

Explanation:

Selling price of stock at the end of the year is $6.99. Annual return rate is 6%. Price of stock at the beginning will be present value of stock valued at the end discounted at 6%. Computation is as shown below:

Present\ value\ or\ price\ of\ stock = Selling\ price\left ( \frac{1}{1+i} \right )^{n}

= 6.99\left ( \frac{1}{1+0.06} \right )^{1}

= \frac{6.99}{1.06}

= $6.59

Therefore, Stock's price in the beginning of the year is $6.59.

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Answer:

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Explanation:

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3 years ago
Providing and seeking support from others during times of stress best illustrates
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Answer:

The tend and befriend response

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The tend and befriend response has been observed to be more prominent in case of females. So when subjected to immense stress, it was observed that females spent a lot more time "tending" to their off springs which appeared vulnerable to them, serving as a mode to reduce stress while at the same time, also forming friendly bonds to seek support from others.

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3 years ago
Robinson's has 24,000 shares of stock outstanding with a par value of $1 per share and a market price of $40 a share. The balanc
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Answer:

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Aztec Company reports current E&amp;P of $200,000 in 20 X 3 and accumulated E&amp;P at the beginning of the year of negative $10
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Answer:

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