Answer:
6/11
Step-by-step explanation:
2/11 x 3/11
Answer:
1 1/20 dollars
21/20 dollars
Step-by-step explanation:
3/4 dollars is $0.75
3/10 dollars is $0.30
.75 + .30 = 1.05
turning .05 to a fraction is 5/100 or 1/20
Answer:
5
Step-by-step explanation:
Answer:
$10.76
Step-by-step explanation:
Present dividend,
is $2.5
Expected dividends for the next 1, 2, 3 and 4 years denoted by
,
,
,
, respectively will be
=$2.5(1+0.07)=$2.675
=$2.675(1+0.07)=$2.86225
=$2.86225(1+0.07)=$3.0626075
=$3.0626075(1+0.07)=$3.276990025
Present value will be

$2.272727273 + $2.210743802 + $2.150450789 + $2.091802131 + $2.034752982 = $10.76047698
Rounded off to 2 decimal places we get $10.76