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katovenus [111]
3 years ago
11

Peterson Packaging Inc. does not currently pay dividends. The company will start with a ​$0.70 dividend at the end of year three

and grow it by 10​% for each of the next six years. After six years of​ growth, it will fix its dividend at ​$1.36 forever. If you want a 15​% return on this​ stock, what should you pay today given this future dividend​ stream?
Mathematics
1 answer:
charle [14.2K]3 years ago
5 0
$1.40 because I think so
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Answer:

A. x+y=6...(1)

20x+15y=100...(2)

B. Yes, Pablo can buy 2 pair of pants and 4 shirts.

Step-by-step explanation:

A. Let x be the number of pairs of pants and y be the number of shirts.

We have been given that Pablo wants to purchase 6 additional clothing pieces for his wardrobe. We can represent this information as:

x+y=6...(1)

We are also told that each pair of pants costs $20 and each shirt costs $15. So the cost of x pairs of pants will be 20x and cost of y shirts will be 15y.  

As Pablo wants to spend $100 on clothing, so we can represent this information as:

20x+15y=100...(2)

Therefore, the system of equation representing the given situation will be:

x+y=6...(1)

20x+15y=100...(2)

B. To find if Pablo can buy 2 pair of pants and 4 shirts we will substitute x=2 and y=4 in our both equations.

2+4=6

6=6

20*2+15*4=100

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100=100

We can see that x=2 and y=4 satisfies our both equation, therefore, Pablo can buy 2 pair of pants and 4 shirts.

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Answer:

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