1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Anastasy [175]
3 years ago
12

An annuity that goes on indefinitely is called a perpetuity. The payments of a perpetuity constitute a/an series. The equation i

s: A stock with no maturity is an example of a perpetuity. Quantitative Problem: You own a security that provides an annual dividend of $170 forever. The security’s annual return is 9%. What is the present value of this security? Round your answer to the nearest cent. $
Business
1 answer:
Alborosie3 years ago
4 0

Answer:

Present value of the security = $1,888.89

Explanation:

The annual dividend of $170 represents a perpetual income stream. The present value of a perpetuity is calculated as follows:

PresentValue=\frac{Coupon}{r}

where r =interest rate per annum that would be compounded for each year

Therefore, present value of the security = \frac{170}{0.09} = $1,888.89

You might be interested in
PLEASE HELP ASAP! Will give BRAINLIEST! Please answer correctly!<br> No guessing!
Afina-wow [57]

Answer: D. What is to be produced?

Explanation: the producer needs to figure out what it is that they would like to be produced.

4 0
3 years ago
Read 2 more answers
Can a server be too attentive to their patrons? Explain.
Vedmedyk [2.9K]
Yes, hovering over customers can make them feel uncomfortable in, for example, having a conversation because of another set of ears listening and constantly being interrupted
3 0
3 years ago
A process called? _________________ is where members of the distribution channel act as if they were assembly stations in the fa
FrozenT [24]
Channel Assembly or maybe Assembly Line

I hope that helped! 
8 0
3 years ago
Chess Top uses the perpetual inventory system. On May 1st, the beginning inventory consisted of 480 units that cost $65 each. Du
Lyrx [107]

Answer:

the amount of the cost of goods sold is $55,120

Explanation:

The computation of the cost of goods sold for the month is shown below:

Since 800 units were sold out of which 360 units would sold at $70 and the remaining units i.e. 440 units would be sold at $68

= 360 units × $70 + 440 units × $68

= $25,200 + $29,920

= $55,120

Hence, the amount of the cost of goods sold is $55,120

5 0
3 years ago
The head teller of a bank embezzled $50,000 from the bank. Which insuring agreement in a financial institution bond is designed
PIT_PIT [208]

Answer:

Fidelity Bond

Explanation:

Based on the information provided within the question it can be said that the type of insurance that covers this is a Insuring Agreement called a Fidelity Bond. This is a type of insurance that covers the buyer of the policy from any losses that they may incur from a specific individual that works for them embezzling money or doing any other fraudulent behavior. Similar to what the head teller did to the bank in this scenario.

4 0
3 years ago
Other questions:
  • Patterson Lawn Co. wants to determine the cost of each lawn care maintenance job. The Company has two operating departments, one
    10·1 answer
  • Your text discusses several challenges facing managers today. As Cook continues to grow Apple, he is likely to encounter which o
    13·1 answer
  • 9.15. A market contains a group of identical price-taking firms. Each firm has a marginal cost curve SMC(Q) 2Q, where Q is the a
    15·1 answer
  • Suppose that the total benefit and total cost from a continuous activity are, respectively, given by the following equations: B(
    13·1 answer
  • Barret has determinded that hecwould't be able to offord the lifestyle he wants if he is a teacher. Whitch stage of career match
    7·1 answer
  • Waterway Company’s checkbook balance on December 31, 2020, was $84800. In addition, Sheridan held the following items in its saf
    10·1 answer
  • I rlly need answers quick guys! This isnt Business tho!
    10·1 answer
  • When preparing a buyer presentation what should you keep in mind
    13·1 answer
  • Suppose there is one ticket left for tonight’s performance of Hamilton on Broadway. The ticket costs $700. Sean is a community c
    10·1 answer
  • Effectiveness means:
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!