A is not true :) Hope i helped!
Answer:
Estimated current stock price is $46.84
Step-by-step explanation:
First we have to find the value of dividend payment ![t_1, t_2 \& t_3](https://tex.z-dn.net/?f=t_1%2C%20t_2%20%5C%26%20t_3)
Given ![D_0=$1.75](https://tex.z-dn.net/?f=D_0%3D%241.75)
Yearly growth rate for next 2 years(
)=38.00%
![D_1=\$1.75\times 1.38=\$2.42](https://tex.z-dn.net/?f=D_1%3D%5C%241.75%5Ctimes%201.38%3D%5C%242.42)
![D_2=\$2.42\times1.38=\$3.34](https://tex.z-dn.net/?f=D_2%3D%5C%242.42%5Ctimes1.38%3D%5C%243.34)
Growth after two years will 6% indefinitely
![g_2=6\%=\dfrac{6}{100}=0.06](https://tex.z-dn.net/?f=g_2%3D6%5C%25%3D%5Cdfrac%7B6%7D%7B100%7D%3D0.06)
![D_3=\$3.34\times1.06=\$3.54](https://tex.z-dn.net/?f=D_3%3D%5C%243.34%5Ctimes1.06%3D%5C%243.54)
Estimate of current stock price is
![=\dfrac{D_1}{(1+r)}+\dfrac{D_2}{(1+r)^{2}}+\dfrac{\dfrac{D_3}{(r-g_2)}}{(1-r)^{3}}](https://tex.z-dn.net/?f=%3D%5Cdfrac%7BD_1%7D%7B%281%2Br%29%7D%2B%5Cdfrac%7BD_2%7D%7B%281%2Br%29%5E%7B2%7D%7D%2B%5Cdfrac%7B%5Cdfrac%7BD_3%7D%7B%28r-g_2%29%7D%7D%7B%281-r%29%5E%7B3%7D%7D)
![=\dfrac{\$2.42}{(1.12)}+\dfrac{\$3.34}{(1.12)^{2}}+\dfrac{\dfrac{\$3.54}{(0.12-0.06)}}{(1.12)^{3}}](https://tex.z-dn.net/?f=%3D%5Cdfrac%7B%5C%242.42%7D%7B%281.12%29%7D%2B%5Cdfrac%7B%5C%243.34%7D%7B%281.12%29%5E%7B2%7D%7D%2B%5Cdfrac%7B%5Cdfrac%7B%5C%243.54%7D%7B%280.12-0.06%29%7D%7D%7B%281.12%29%5E%7B3%7D%7D)
=$46.84
Estimate of current stock price is =$46.84
Answer:
The distance traveled is 357.54km.
Step-by-step explanation:
The situation is illustrated in the figure attached.
From the law of cosines the distance
is given by
![d^2 = (250km)^2+(115km)^2-2(250km)(115km)cos(155^o)](https://tex.z-dn.net/?f=d%5E2%20%3D%20%28250km%29%5E2%2B%28115km%29%5E2-2%28250km%29%28115km%29cos%28155%5Eo%29)
![d^2 = 127837.698 km^2](https://tex.z-dn.net/?f=d%5E2%20%3D%20127837.698%20km%5E2)
![\boxed{d = 357.54km}](https://tex.z-dn.net/?f=%5Cboxed%7Bd%20%3D%20357.54km%7D)
Answer:
423 miles and that was found by subtracting 750 from 1000 and dividing that by 0.59
Add them up then divide them by 4.
6763.6/4 = 1690.9 average.