Answer:
current share price is $71.05
Explanation:
given data
grow at a rate = 20 percent
time = 3 year
growth rate falling off = 8 percent
dividend = $1.45
solution
we get here price of the stock in Year 3 that is 1 year before the constant dividend growth that is
P(3) = D(3) × (1 + g) ÷ (R - g) .............1
P(3) = D0 (1 + g1)³ × (1 + g2) ÷ (R - g)
P(3) =
P(3) = $90.206
and
then price of the stock today is present value of first three dividends + present value of the Year 3 stock price
so price of the stock today is
P(0) =
P(0) = $71.05
Answer:
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Answer:
$330
Explanation:
The computation of the dividend income received as on July 31 is shown below:
where,
Total number of shares purchased is
= 100 shares + 200 shares
= 300 shares
And, the dividend per share is $1.10
So, the dividend income received is
= 300 shares × $1.10
= $330
We simply applied the above formula to determine the dividend income received
Answer:
C
Explanation:
FDIC gives insurance to depositors. it promises to pay back a certain amount of the deposits of a banks customers in the case where a bank fails. As a result of this insurance banks have a greater incentive to take on more risky projects because they know that their customers would be protected even the project goes sour and the bank fails.
Due to the services of the FDIC, less depositors have lost money when a bank fails because of the insurance services they provide to depositors.
Answer:
0.583
Explanation:
Data provided in the question;
Average dinner charges = $8.75
Initial demand = 3,000 atrons
Increase in price = $0.50
Final demand = 2,900
Thus,
change in demand = 3,000 - 2,900 = 100
Now,
The price elasticity of demand =
also,
Percentage change in demand =
=
= 3.33%
Percentage change in price =
=
= 5.714
thus,
The price elasticity of demand =
= 0.583