The price at which the stock should sell is $61.54.
Using this formula
Stock selling price=Preferred stock annual dividend/Preferred stock required return
Where:
Preferred stock annual dividend=$4.00 per share
Preferred stock required return=6.5% or 0.065
Let plug in the formula
Stock selling price=$4.00/0.065
Stock selling price=$61.538
Stock selling price=$61.54 (Approximately)
Inconclusion the price at which the stock should sell is $61.54.
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Answer:
effectiveness
Explanation:
<em>Effectiveness </em>is the essential pillar of business management. Commonly mistaken for efficacy, it isn't quite the same thing. Effectiveness is doing the right thing that helps achieve business goals, while efficacy is how the practice is performed, rationally using available resources. Since the example emphasizes Sanjay's plan that will help the company reach business goals, it is an effectiveness example.
Answer:
When we get too hot, sweat glands in the skin release more sweat. The sweat evaporates, transferring heat energy from the skin to the environment.
Crosby signs a contract with Subban and agrees to meet at Subban's business at the conclusion of each work day, before the first payment is due, and then files a lawsuit against Subban, claiming that the license is unenforceable because the license's objective is to protect the public.
<h3>What is contract?</h3>
A contract is the legal agreement between the two parties. It contains all the essentials of section 10. On the breach of such contract, the party who break the contract will be punishable under the act.
Crosby and Subban have a contract in which Crosby agrees to sweep Subban's retail store at the end of each work day. Subban discovers Crosby is unlicensed before the first payment is due.
All retail floor sweepers in Florida are required to be certified and pay annual dues.
As a result, Subban does not compensate Crosby for his efforts. When Crosby s pursues a breach of contract complaint against Subban to court, the judge will conclude the contract is invalid since the purpose of the license is to protect the public.
Therefore, the contract is unenforceable.
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If capital grows at a rate of 5%, then this will cause output to grow at a rate of 1%.
Given,
Labor's share of output = 60%
Capital's share of output = 40%
Labor grows on a rate of = 5%
Capital grows on a rate of = 5%
Thus, output will grow at a rate of = ?
SR(t) = Δy/Δt/Y - (αΔk/Δt/k(t) + (1-α)(ΔL/Δt/L(t))
Here, α = 60%
So, labor's share = (1 - 0.6) × 5 = 2%
Capitals contribution = 0.4 × 5 = 2%
Implied rate of growth in technology is also given,
SR = (5) - (2+2)
= 1%
Hence, if capital grows at a rate of 5%, then this will cause output to grow at a rate of 1%.
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