Answer:
The required rate of return is 12.2%
Explanation:
Dividend growth model is used to calculate the price of the stock based on the dividend, its growth and required rate of return.
Formula to calculate the price
Price = Dividend / ( Required rate of return - Growth rate )
P = D / ( r - g)
P = $11.54
D = $0.95
g = 4%
Now placing the given values in the formula
$11.54 = $0.95 / ( r - 4% )
r - 4% = $0.95 / $11.54
r - 4% = 8.2%
r = 8.2% + 4%
r = 12.2%
Ritualism is the type of deviance that his behavior illustrates.
What is ritualism in deviance?
Ritualism entails rejecting cultural objectives while routinely accepting the methods for accomplishing them. Retreatism entails rejecting both the cultural objectives and the conventional ways of accomplishing them.
What is the concept of strain theory?
According to strain theories, some stresses or strains make crimes more likely. These strains cause unpleasant feelings like annoyance and rage. Crime is one possible response to these feelings, which put pressure on people to take corrective action.
What does the strain theory argue?
According to the Strain Theory, crime happens when there aren't enough possibilities for people to successfully pursue the standard aspirations of a society. There is a "tension" between the objectives and the methods to achieve them in such a setting, and some people turn to crime to succeed.
Learn more about strain theory: brainly.com/question/14311069
#SPJ4
Answer:
$4,953
Explanation:
Given by the question, we have:
+) Present value of annuity = $17,400
+) Return on the investment = annual interest rate on the loan = 9.4%
The type of this annuity is annuity due.
We have the equation to calculate the present value of annuity due as following:
PV Annuity Due = P × [1 - (1 + r)^(-N)]/r × (1+r)
=> P = PV Annuity Due ÷ {[1 - (1 + r)^(-N)]/r × (1+r)}
In which:
+) P: Annual payment
+) r: annual interest rate = 9.4% = 0.094
+) N: Number of payments = 4 (As the loan is repaid in 4 payments)
+) PV Annuity Due = 17,400
=> P = 17,400 ÷ {[1 - (1 + 0.094)^(-4)]/0.094 × (1+0.094)} ≈ $4,953
