Answer:
Price of stock = $55.08
Explanation:
The price of a stock is the present value of the future dividends discounted at the required rate of return.
P = D/(r-g)
<em>P-price of stock today, D- Dividend in year's time, r- required rate of return,</em>
<em>g- growth rate in dividend</em>
Using the following parameters:
P =?, r- 11%, g- 5.1%
P = 3.25/(0.11-0.051)
P = 55.08474576
Price of stock = $55.08
Answer:
An example of a street address would be something like this
<u>560 Hudson Street</u><u> </u><u>Hartford</u><u>, CT 06106</u>
<em>(Random address I pulled off of google)</em>
Answer: D is the correct answer
Explanation:
The letter of transmittal and the statistical section are classified as Comprehensive Annual Financial Report (CAFR).
These are not included in the basic financial statement and required supplementary schedule.
CAFR comprises the financial report of any state, municipality or government entity.