A human services worker has begun a plan of action for a juvenile offender. She discovers he has skipped a couple of counseling
1 answer:
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Answer:
semiannual 1.42%
yearly 2.85%
Explanation:
Those are annual rate so we need to determinate the 6-month rate
The annual rate times the semiannual rate will be equal to the 18 months rate
r = 0.01416296 = 1.42%
If we want to express it annually:
1.0142^2 - 1 = r = 2.85%
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Answer:
(a) Annual dividend = Dividend rate × par value × number of shares outstanding
= 7% × $60 × 40,000
= $168,000
Semi‑annual dividend =
=
= $84,000
(b) Annual dividend = Dividend rate × number of shares outstanding
= $5.20 × 171,600
= $892,320
Arrears of $892,320 are owed for last year as well, so the total dividends owed would be:
$892,320 × 2 years
= $1,784,640
(c) Annual dividend = Dividend rate × stated value × number of shares outstanding
= 4.8% × $100 × 445,000
= $2,136,000
Quarterly dividend = =
=
= $534,000