Answer:
Step-by-step explanation:
present value of dividend for three years =
2.50 x 1.2 / 1.15 + 2.5 x 1.2² / 1.15² + 2.5 x 1.2³ / 1.15³
= 2.6087 + 2.722 + 2.84
= 8.17
present value of future cash flow after three years
= 2.5 x 1.2³ x 1.08 / .15 - .08
66.65
present value
= 66.65 / 1.15³ = 43.823
Total present value = 43.823 + 8.17
= 52 approx .
Answer:
D
Step-by-step explanation:
Well, 1/3 is in between 0 and 1. Only D is in between 0 and 1.
Answer:
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Answer:
31,32,33
Step-by-step explanation:
31+32+33 = 96
Answer:
52 tickets cost $10 and 18 tickets cost $12
Step-by-step explanation:
10x+12y=804. (1)
x+y=70. (2)
From (2)
x=70-y
Substitute x=70-y into (1)
10x+12y=804
10(70-y)+12y=804
700-10y+12y=804
700+2y=804
2y=804-700
2y=104
y=104/2
y=52
Recall
x+y=70
x+52=70
x=70-52
x=18
52 tickets cost $10 and 18 tickets cost $12