Answer:
Total return on this stock is 0.06395 or 63.95%
Explanation:
Calculating the total return
P₀ = [D₀ * (1 + g)] / [r - g]
$41 = [($49.50 * 3.4%) * (1 + 2.2%)] / [r - 2.2%]
$41 * [r - 0.022] = [(49.50 * 0.034) * (1 + 0.022)]
$41 * [r - 0.022] = [(1.683) * (1.022)]
$41 * [r - 0.022] = 1.720026
r - 0.022 = 1.720026 / 41
r - 0.022 = 0.04195
r = 0.04195 + 0.022
r = 0.06395
In percentage; r = 63.95%
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She can go to the back the bank the day after an make the payment
The correct effective rate of interest for the loan having a compound interest of 4.90% with 6 compounding throughout the year will be 5.01%. So, the correct option is C.
Effective compound interest is calculated by deriving the values in the formula of annuity over the loan amount, which will be payable at the end of the year.
<h3>Calculation of effective rate of interest </h3>
- Effective rate of interest is the actual rate of interest paid by Jessica when she thinks the interest paid by her is for the year without taking into consideration the compounding of such loan.
- As no information regarding the principal and no. of years is given, it has been assumed that the loan amount is $100 and the loan is taken for the period of one year.
- The formula for calculation of effective rate of interest is as below,
- Putting the values in the formula, we get
- So the effective rate of interest is calculated as 5.01%
Hence, the correct option is C that the effective rate of interest is 5.01% on the interest rate of 4.90% compounded 6 times during the year.
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isabella is writing her resume she doesnot have much work experience she think she should leave an empty section resume is this a good ideas:
She should stress her talents and experience earned above the specific job itself or the amount of time worked because leaving an empty space in her resume could distract the reader.—
What is a resume?
a succinct description of one's background and credentials: an updated resume I sent a cover letter, work samples, and my resume for the internship.—
Therefore,
She should stress her talents and experience earned above the specific job itself or the amount of time worked because leaving an empty space in her resume could distract the reader.—
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