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VARVARA [1.3K]
2 years ago
15

What constant-growth rate in dividends is expected for a stock valued at $32.40 if next year's dividend is forecast at $2.20 and

the appropriate discount rate is 13.6%
Business
1 answer:
Fittoniya [83]2 years ago
6 0

Answer: 6.81%

Explanation:

To calculate the growth rate, we'll use the formula:

Price = Expected Dividend / Discount - Growth rate

32.40 = 2.20 / 13.60% - Growth rate

13.6% - Growth rate = 2.20/32.40

Growth rate = 13.60% - 6.79%

Growth rate = 6.81%

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Determine the future value of $21,000 under each of the following sets of assumptions (FV of $1, PV of $1, FVA of $1, PVA of $1,
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Answer:

(a) $43,656.90

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Explanation:

Future Value of annuity shall be:

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In this since the interest is compounded semiannually, the effective interest rate = 10/2 = 5%

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(b) 12% for 4 years, Quarterly Compounded

In this since the interest is compounded quarterly, that is 4 times in a year, effective interest rate = 12/4 = 3%

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(c) 36% 25 months, Monthly

In this since the interest is compounded monthly effective interest rate = 36/12 = 3%

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Which statements describe a Treble Clef correctly? Pick Two
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