Beach boards net income for the year, I = $150,000
Dividends per share, D = $1.40
Dividend yield, DY= 3.5%
Beach boards’ current stock price is P
We have the formula
Dividend yield = Dividends per share / Current stock price => DY = D / P
Beach boards current stock price is P = D / DY => 1.4 / 3.5 % => P = 1.4 x
100 / 3.5
Beach boards current stock price is P = 140 / 3.5 = $40
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Answer:
a. The advantages of the flexible exchange rate system include: (I) provides insulation against unemployment problem in other countries and (ii) promotes economic development and helps to achieve full employment in the country, iii) automatically corrects the disequilibrium in the balance of payments.
b. If exchange rates are fluctuating randomly, that may discourage international trade and encourage market segmentation, they are very volatile
c. Economic agents can hedge exchange risk by means of forward contracts and other techniques. In addition, under a fixed exchange rate regime, governments often restrict international trade in order to maintain the exchange rate.
Explanation:
Answer:
Open end
Explanation:
Open end otherwise known as mutual fund are those investments offered through fund companies which sells shares directly to investors. In an open end fund investment, there is no limit to the number of shares that can be offered therein. The shares traded are unlimited which means that shares can be issued in as much can be backed up with funds.
The prices for open end funds are fixed once daily which shows the performance of the investment for that day hence the only price at which investment shares can be bought for that day.