The change in the price of the stock is $46.67.
<h3>How to calculate the change in price?</h3>
From the information given, the current price will be:
= Annual dividend / Required rate
= 7/0.1
= $70
The market value of the shares will be:
= 7/6%
= 7/0.06
= $116.67
Therefore, the change in the price of the stock will be:
= $116.67 - $70
= $46.67
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Answer:
None of the above, it should be $4760
Step-by-step explanation:
First, converting R percent to r a decimal
r = R/100 = 12%/100 = 0.12 per year,
then, solving our equation
I = 3500 × 0.12 × 3 = 1260
I = $ 1,260.00
The simple interest accumulated
on a principal of $ 3,500.00
at a rate of 12% per year
for 3 years is $ 1,260.00
5 whole and 1/6 hope it help you
Answer:
0.0563
the fraction cannot be simplified
Answering from phone so this will be a bit messy.
a
b=a+1
c=b+1=a+2
2a=b+20
Therefore:
2a=a+1+20
a=21,b=22,c=23
