-0.15 = -15/100 = -3/20
-7.75 = -7 3/4
-12.54 = -12 54/100 = -12 27/50
B. negative correlation because as the price increases, the sales decrease
7/8 of a gallon
2/3=16/24
7/12=14/24
2 1/8=51/24
14+16=30
51-30=21
so your final answer is 21/24 or 7/8
Answer:
Value of Henley Inc.'s share is $16.76
Step-by-step explanation:
The present value of the dividends over for the three years and the terminal value of the dividends would give us a fair share price that an investor would pay
Year 1 PV of dividends=$1.10/(1+11%)^1=$0.99
Year 2 PV of dividends=$1.10/(1+11%)^2=$0.89
Year 3 PV of dividends=$1.10/(1+11%)^3=$0.80
The terminal value formula=dividend*(1+g)/(r-g)
g is the dividend growth rate of 5%
r is the investor's required rate of return which is 11%
terminal value=$1.10*(1+5%)/(11%-5%)=$19.25
The terminal is discounted to present value using the discount factor of year 3
PV of terminal value =$19.25
/(1+11%)^3=$ 14.08
Total present values=$0.99+$0.89+$0.80+$14.08 =$16.76
Answer: I'm pretty sure its a or the first one ^w^
Step-by-step explanation:
