Answer:
$55,000 and $90,000
Explanation:
The average debt incurred by a male pathological gambler in the U.S. is between $55,000 and $90,000. The average rate of Norce for problem gamblers is nearly double that of non-gamblers.
Answer: 8.05%
Explanation:
From the question, we are informed that Holdup bank has an issue of prefered stock witha stated dividend of $7 that just sold for $87 per share.
The banks cost of prefered will be:
= Dividend / Stock value
= 7/87
= 0.0805
= 8.05%
Answer:
9.17%
Explanation:
Because this is perpetual preferred stock, there’re no tenor fixed but last forever until the company closes/ broken.
Thus the required rate of return is simply calculated as below:
Rate = dividend/ stock price = $2.75/ $30 = 9.17%
Answer:
It will require deposists for 11.79 years
Explanation:
We need to solve for the time at which an ordinary annuity of 134,000 each quarter at 1.35% rate generates a future value of 1,700,000
C $134,000.00
time n
rate 0.0135
FV $17,000,000
we rearrenge and solve as we can:
Then use logarithmics properties to solve the equation:
n = 11.78905103
