Based on the fact that Duffs Co. dividends grow at 24% for three years and then 6%, the current share price of the company is $63.29.
<h3>What is Duffs Co. current price?</h3>
First, find the price of the stock in year 3 when the stock grows at 6%:
= (1.90 x 1.24³ x 1.06) / (0.11 - 0.06)
= $76.79
This amount is the terminal value. You are to take the present value of this amount along with the present value of the dividends up to year 3:
= ((1.90 x 1.24) / 1.11) + ((1.90 x 1.24²) / 1.11²) + ((1.90 x 1.24³) / 1.11³) + 76.79 / 1.11³
= $63.29
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Answer:
Prism A:
Prism B:
Step-by-step explanation:
Given
See attachment for prisms
Required
Determine the surface area of both prisms
Prism A is triangular and as such, the surface area is:
Where
and
Such that a, b and c are the lengths of the triangular sides of the prism.
From the attachment;
So, we have:
Also:
So:
Prism B is a rectangular prism. So, the area is calculated as:
From the attachment
So:
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Step-by-step explanation:
