Answer:
53
Step-by-step explanation:
The present value of an annuity of n periodic payments of P at r% where payment is made annually is given by:
Given that <span>Estes
Park Corp. pays a constant dividend of P = $6.95 on its stock. The company
will maintain this dividend for the next n = 12 years and will then cease
paying dividends forever. If the required return on this stock is r = 10 % = 0.1.
Thus, the current share price is given by:
Therefore, the current share price is $47.36
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The answer is -11 and -13
Answer:
This is the concept of application of the Pythagorean theorem. The resultant speed of the motorboat which is crossing the river that has a northward current of 5 m/s at a speed of 8 m/s will be given by:
c^2=a^2+b^2
c^2=8^2+5^2
c^2=64+25
c^2=89
c=sqrt89
c=9.4 m/s