Answer:
preferred 10.2 per share
common 3.49 per share
Explanation:
the preferred stock will receive their dividends firsht:
12,000shares x $102 each x 12% return = 122.400
$122,400/12,000 shares = $10.2 per share
<em>available for common stock:</em>
220,000 declared dividends - 122,400 preferred= 97,600
$97,600 / 28,000 common stock = 3,4857 = $ 3.49
Central banks play an important role in the international banking system because they control a country's foreign exchange reserves and set its monetary policies.
Banks are some of the most important institutions in any country. They are responsible for all the money that a country and its people have, which is why obviously their role is crucial when it comes to the banking system inside a country and out of it.
Answer:
increased flexibility
increased transmission distance
The notion that developing countries can catch up or converge with developed countries is one of the key insights of a branch of economics called <u>development</u> economics.
Economics is the observation of scarcity and its implications for the use of assets, manufacturing of products and services, growth of manufacturing and welfare over time, and an outstanding form of other complicated issues of crucial problems to society.
Economics is the social science that researches the manufacturing, distribution, and intake of products and services. Economics specializes in the behavior and interactions of financial agents and how economies work.
Economics, at its very heart, is the study of people. It seeks to give an explanation for what drives human behavior, decisions, and reactions when confronted with difficulties or successes. Economics is an area that combines politics, sociology, psychology, and records.
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Answer:
FV= $7,435.74
Explanation:
Giving the following information:
Initial investment= $6,400
Interest rate= 1.5%
Number of periods= 10 years
<u>To calculate the value of the account in ten years, we need to use the following formula:</u>
FV= PV*e^(i*n)
FV= 6,400*e^(0.015*10)
FV= $7,435.74