Answer:
$138.63
Explanation:
I used an excel spreadsheet and the NPV function to determine the present value of this annuity. The present value of this annuity is $138.63
Answer: $76.92
Explanation:
From the question, Zylo inc preferred stock pays a 7.50 annual dividend, the maximum price that will be willing to be paid for one share of this stock today if the required return is 9.75% will be calculated as:
= Dividend / Required return
= $7.50 / 9.75%
= $7.50/0.0975
= $76.92
The maximum price willing to be paid is $76.92.
Answer:
A. Equitable remedy
Explanation:
An equitable remedy is applied when there is a breach of contract and there is no legal remedy available to compensate the injured / affected party. i.e there is no financial compensation available to be given to the injured party.
When there is no financial or legal remedies to be given to the breached party, the court might order the contract to be re - written or order the party that breached the contract to perform all the action he/ she had promised in the previous contract