Answer:
D. $98.15
Explanation:
Price of stock formula;
Price today(P0) =
D0= Current dividend
g = growth rate
r = required return
Price =
= 3.762 /0.065
Price = 57.877
Price in 12 years (P12) = P0(1+g)
P12 = 57.877 *
P12 =$98.152
Therefore, price of stock in 12 years will be $98.15
Answer:
<h2>Employee D has the largest gross pay among all the four employees.</h2>Explanation:
Gross pay is normally calculated by taking the sum or aggregation of the basic salary or direct job related benefits and any additional employee benefits obtained by the employee from the company.
Therefore,for employee A,total gross pay= dollars
For employee B,total gross pay=
For employee C,total gross pay=
For employee D,total gross pay=
Therefore,based on the above calculations of gross pay of all the employees,employee D has the highest or largest gross pay which is $55,300.