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Andru [333]
3 years ago
8

where an investmenVicky Robb is considering purchasing the common stock of Hawaii Industries, a rapidly growing boat manufacture

r. She finds that the firm’s most recent (2020) annual dividend payment was $2.50 per share. Vicky estimates that these dividends will increase at a 20% annual rate, g1, over the next 3 years (2021, 2022, and 2023) because of the introduction of a hot new boat. At the end of the 3 years (the end of 2023), she expects the firm’s mature product line to result in a slowing of the dividend growth rate to 8% per year, g2, for the foreseeable future. Vicky’s required return, rs, is 15%. Required: What is the current (end-of-2020) value of Hawaii’s common stock, P0 = P2020.t banker plays a crucial role in a public offering?
Mathematics
1 answer:
azamat3 years ago
8 0

Answer:

 

Step-by-step explanation:

present value of dividend for three years =

2.50 x 1.2 / 1.15 + 2.5 x 1.2² / 1.15² + 2.5 x 1.2³ / 1.15³

= 2.6087 + 2.722 + 2.84

= 8.17

present value of future cash flow after three years

= 2.5 x 1.2³ x 1.08 / .15 - .08

66.65

present value

= 66.65 / 1.15³ = 43.823

Total present value = 43.823 + 8.17

= 52 approx .

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Gennadij [26K]

Answer:

9

Step-by-step explanation:

3 1/2/4=3 1/2*4=3  2=9

5 0
3 years ago
he has 14 coins and 2 one-dollar bills. witch describes the relationship between the coin and the dollar bills?
polet [3.4K]

Answer:

14:2

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14:2

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3 years ago
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Yuki888 [10]

The value of f(x+2)=2.1x+2.5

Step-by-step explanation:

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Hence, we need to substitute x by x+2 to find the value of f(x+2)

f(x+2)=2.1(x+2)-1.7

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Adding the constant term,

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8 0
3 years ago
What is 340 pages; 20 percent decrease
mote1985 [20]
First you turn the % in to decimal .20
then you multiply .20 by 340=68.00
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5 0
3 years ago
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A local health clinic surveys its patients about their waterdrinking habits. It found the data is normally distributed,the mean
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In this case, we'll have to carry out several steps to find the solution.

Step 01:

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standard deviation = 5.2 ounces

Step 02:

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3 0
1 year ago
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