Answer : b. the nominal rate of interest is the real rate of interest plus the rate of inflation; lenders need to raise the nominal rate when inflation increases to maintain their desired real return.
Explanation: Nominal rate = real rate + inflation . Suppose they had an real return of 4% when the inflation was 1% and they charged at credit card rate at 5%. Now if the inflation increases to 2%, the cannot continue to charge 5% since in that case their real return would only be 3%. Hence they will now have to charge 6% to still get their original real rate of 4%
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Answer:
Stock price=$128.44
Explanation:
Calculation for stock price
First step is to calculate for dividend payout ratio using this formula
Dividend payout ratio=Dividend payout/Earnings
Let plug in the formula
Earnings=($1.90/0.25)
Earnings=$7.6
Now let calculate for PE ratio using this formula
PE ratio=Stock price/EPS
Let plug in the formula
Stock price=$7.6*16.9times
Stock price=$128.44
Therefore Stock price will be $128.44
