Answer: $3.46
Explanation:
Given the following :
Current share price (P0) = $90 per share
Required return on stock= 8%
total return on the stock is evenly divided between a capital gains yield and a dividend yield ;
Therefore, Required return on stock= 8% ;
4% capital gain yield + 4% Dividend yield = 8%
Growth rate = 4% = 4/ 100 = 0.04
D1 = D0(1 + g)
D1 = value of next year's Dividend
D0 = current Dividend yield
g = Constant growth rate
D1 = current stock price * g
D1 = 90 * 0.04 = 3.6
D1 = D0(1 + g)
D0 = D1 / (1+g)
D0 = 3.6 / (1+ 0.04)
D0 = 3.6 / 1.04
D0 = $3.46
A cartel exists when various companies producing similar products or services work together to control markets for the types of goods and services they produce.
A cartel is a group of independent market participants who work together to improve profits and control the market. Cartels are usually associations in the same line of business and mergers of competitors.
1: Written agreement between Sengoku. 2 : An association of independent commercial or industrial enterprises aimed at limiting competition or fixing the prices of illegal drug cartels. 3 : Faction combination for joint action.
Examples of cartels: Organization of the Petroleum Exporting Countries (OPEC), an oil cartel whose members control 44% of world oil production and 81.5% of world oil reserves.
Learn more about cartel here
brainly.com/question/15294015
#SPJ4
Large loans for shopping centers are most likely to be made by the bank funding the shopping center. When a person or the city/town decides to add a shopping center, the contract is drawn up and there is a bank funding the large loans. These loans are issued by the bank to help fund large projects to the city/town.
Answer:
the answer is C. department store
Let n represent the number of years watching TV.
Then let sleeping represent as n+19.
Solution for this problem is:
<span>
n+n+19=33</span>
<span>
2n=14</span>
n = 14 divided by 2
<span>n=7
</span>
7 years are spent watching TV while 26 years are spent in sleeping.
Other solution:
To figure out how many years you spend sleeping and watching
TV, you first need to take the number in total, which is 33, and subtract the
number that you will exceed sleeping.33 – 19 = 14. Now that you have the number
14, you can see that 14 divided in 2 = 7. 7 +19 = 26. This leaves you with a
remainder of 7 hours watching TV and 26 hours sleeping. 26 is 19 greater than
7. 7 + 26 = 33.
