3 years ago

Accounts receivable is categorized as an?

Business

1 answer:

BigorU [14]3 years ago

8 0

Current asset under Balance Sheet. :)

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Explanation:

Find <u>dividend (D) per year;</u>

D1 = D0(1+g)

D0= current dividend = 1.05

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therefore;

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D5 = 2.5635(1.25) = 3.2044

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Terminal dividend: D8 = 5.0069(1.03) = 5.1571

Next , find the <u>present values</u> of each dividend (at t=0) at 11% discount rate;

1.3125 / (1.11) = 1.1824

1.6406 / (1.11^2) = 1.3315

2.0508 / (1.11^3) = 1.4995

2.5635 / (1.11^4) = 1.6887

3.2044 / (1.11^5) = 1.9017

4.0055 / (1.11^6) = 2.1415

5.0069 / (1.11^7) = 2.4116

Price of growing perpetual at (t= 0) = $\frac{5.1571 /(0.11-0.03)}{(1.11)^{7} } = \frac{64.46375}{2.07616} = 31.0495$

Next, sum up all the Present values to get the current stock price;

=43.2064

Therefore, the current price = $43.21

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Please see attachment

Explanation:

Please see attachment

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