Does not belong in high school
12/3 = 4
we - 1 because 3 inches annually (100% increase would mean 6 inches)
300% increase
Career readiness represents the extent to which you possess the <u>knowledge, skills, and attributes</u> desired by employers.
<h3>What is Career readiness?</h3>
Career readiness can be defined as the way in which a person acquire or possess the necessary skills, knowledge that an employer desires an employee to posses.
Career readiness is essential for someone that want to build their career or the person that want to reach the highest peak of their career as this enable them to prepare ahead.
Therefore Career readiness represents the extent to which you possess the <u>knowledge, skills, and attributes</u> desired by employers.
Learn more about Career readiness here:brainly.com/question/27841409
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Answer:
The cost of equity using the DCF method: 4.39%.
The cost of equity using the SML method: 15.01%.
Explanation:
a. The cost of equity using the DCF method:
We have: Current stock price = Next year dividend payment / ( Cost of equity - Growth rate) <=> Cost of equity = Next year dividend payment/Current stock price + Growth rate = 0.3 x 1.04/80 + 4% = 4.39%.
b. The cost of equity using the SML method:
Cost of equity = Risk free rate + beta x ( Market return - risk free rate); in which Risk free rate is rate on T-bill.
=> Cost of equity = 6.3% + 1.3 x ( 13% -6.3%) = 15.01%.