Answer:
$44.18
Explanation:
The price can be easily calculated by the simple formula,
Price of stock = Dividend / (rate of return - growth of dividend)
Hence,
Price of stock = 1.90 / (0.085 - 0.042)
Price of stock = $44.18.
Hope you understand this simple equation
Thanks buddy.
Answer:
b. Allowable hobby expenses in excess of hobby income.
Explanation:
Allowable hobby expenses in excess of hobby income is not deductible in 2018.
Answer:
Special revenue fund.
Explanation:
A special revenue fund is a government account created to collect money that is used for an specific purpose or project. The money collected by this type of account can only be used for the specific purpose for which it was established.
In this case, the revenue collected from the gasoline tax can only be used for highway construction and maintenance.
Answer:
$500
Explanation:
The expression that describes the present net worth of an investment (P) given its future value (FV) at an annual rate (r) for a period of n years, compounded annually is:
If the future value of an investment is $1,095.50 after 20 years at a rate of 4% per year, the present value (P) is:
The present worth of this investment is roughly $500.
