The change in the price of the stock is $46.67.
<h3>How to calculate the change in price?</h3>
From the information given, the current price will be:
= Annual dividend / Required rate
= 7/0.1
= $70
The market value of the shares will be:
= 7/6%
= 7/0.06
= $116.67
Therefore, the change in the price of the stock will be:
= $116.67 - $70
= $46.67
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Answer: H
Step-by-step explanation:
7% of 21 is 1.47
It’s meters squared. Since you need to find the area in order to find the amount of fertilizer, the area is expressed as the unit squared.
Answer: (total amount paid - $40) / 0.05
Step-by-step explanation:
Given the following :
Monthly fee = $40
Additional fee = $0.05 per minute on phone
Given the the amount paid for the month is available, number of minutes he was on phone can be determined thus :
Total amount to be paid = monthly fee + additional fee
Additional fee = $0.05 × n
Where n = number of minutes on phone
Hence,
Total amount paid = $40 + $0.05n
If the amount paid is known, the number of minutes on phone can be calculated thus;
(Total amount paid - monthly fee) = $0.05n
n = (Total amount paid - monthly fee) / fee per minute on phone
(total amount paid - $40) / 0.05
