Answer:
$26.05
Explanation:
according to the constant dividend growth model
price = d1 / (r - g)
d1 = next dividend to be paid = d0 x (1 + growth rate)
d0 = dividend that was just paid
r = cost of equity
g = growth rate
1.5 x (1.045^6) / 12 - 4.5 = $26.05
Hello!
The answer is
C. How much a currency is worth when it's exchanged with another country's currency.
Good luck!
Answer:
Instructions are below.
Explanation:
Giving the following information:
Jill:
Weekly deposit= $96.15
The number of weeks= 30*52= 1,560
Interest rate= 0.098/52= 0.00189
Joe:
Annual deposit= $5,000
Number of years= 30 years
Interest rate= 9.8%
To calculate the final value of Jill and Joe, we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= weekly/annual deposit
<u>Jill:</u>
FV= {96.15* [(1.00189^1,560)-1]} / 0.00189
FV= $916,853.88
<u>Joe:</u>
FV= {5,000*[(1.098^30)-1]} / 0.098
FV= $791,953.50
Answer:
a. the college is a constructive bailee, obligated to return the textbook to Lacy, and until it does, it is liable for harm to the property.
Explanation:
When a party comes into possession of a property not by contractual agreement, they are referred to as constructive bailee and are obligated to take care of the property till it is returned to the owner.
The bailee does not willingly take possession of the property, rather unforseen circumstances leads to them possessing it.
This is common when a person forgets his property in a place.
In the given scenario the college (Dean of Business College) became a constructive bailee when they recieved the misplaced textbook. So they are obligated to care for the textbook till it get back to Lacy or be held liable for any harm done
Answer:
The journal entry for J. Laney to record this transaction is
Dr legal expenses $12,990
______Cr Common stock $3,100
_______Cr Share premium $8,990
Explanation:
The common stocks are carried at par value of $1. This implies that any price paid in excess of the par value is made provision for in the share premium account.
Again, the common stocks issued are measured at the price required to settle the legal expenses and are paid in excess of par value of $1.
Share premium = ($3.90 - $1) × 3,100
Share premium = $8,990
