Answer:
Rookie number my mans
Step-by-step explanation:
20 divided by 15/16 is 64/3
which simplified is 21.333....
but 64/3 turned into a mixed fraction is 21 1/3
5,538724,002 should be the answer if im correct
Answer:
D
Step-by-step explanation:
Answer:
<u>The current value of Vincent's Hotel common stock is US$ 12.95, that fulfills the requirement of an investor of 17% of rate of return annually.</u>
Step-by-step explanation:
1. Let's review the information given for answering correctly the question:
Currently common stock dividend = US$ 2.20
Annual growth of the dividend for the next 2 years = 3%
Annual growth of the dividend after the next 2 years = 0%
2. What is the current value of Vincent’s Hotel common stock to an investor requiring 17% rate of return?
17% = 0.17
Current value of Vincent's Hotel common stock = 2.20/0.17
<u>Current value of Vincent's Hotel common stock = US$ 12.95</u>
