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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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Step-by-step explanation:

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WINSTONCH [101]

If altogether they spent a total of $71,  and a cap cost $5, then the price of a t-shirt is $8. Option A is correct

From the question, we are told that all caps cost $5 each

Let the cost of each shirt be x:

If Andy bought a t-shirt and a cap for each of his six friends, there will be 6 shirts and 6 caps

If <u>Bob returned two caps and two t-shirts</u>, there will be 4 caps and 4 shirts left

If <u>Carl bought three t-shirts and returned a cap,</u> the number of caps remaining will be 3 caps and the number of shirts remaining will be 7 shirts

If they spent a total of $71, this means;

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2 years ago
John buys a new flat screen TVs for $289 the sales tax in his city is 9.5 % what is the total cost of the television with tax
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Answer:

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total cost = 109.5% = 109.5% x $289 = $316.46 (2dp)

Topic: Percentages

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