His answer was wrong. The correct answer would be 129,000
Explain: 500 rounded to the nearest thousand would be 1000
But 499 rounded to the nearest thousand would not become 1000
The answer is Sum of cubes :)
Answer:
$ 35.38
Step-by-step explanation:
Given data:
Annual dividend per share = $ 2.30
Required return on the preferred stock = 6.5 %
Thus,
Selling price of the preferred stock
= Annual dividend per share / Required return on the preferred stock
on substituting the respective values, we get
Selling price of the preferred stock = $ 2.30 / 6.5% = $ 2.30 / 0.065
or
Selling price of the preferred stock = $ 35.38
D. become larger because 8/6 is larger than 1
The slope of a function at a point is the value of its derivative there.
... f'(x) = 5·(2x) + 0 = 10x . . . . . . using the power rule: (d/dx)(xⁿ) = n·xⁿ⁻¹
Then
... f'(4) = 10·4 = 40 . . . . . the slope at x=4