Part A: As we have learned when given a pair of equations, we must always find a Point of Intersection....or, in other words...the solution of the lines given to us. As we know there can be one solution, in this case we view the graph; see where they intersect, and realize that the solution to these lines (Point of Intersection) is at (4,4).
Thus, your answer.
A mathematical statement that uses an equal sign to say that two things are the same
Answer: $6.48
Step-by-step explanation:
1.60 * 0.1 = $0.16
1.60 - 0.16 = $1.44
1.44 * 4.5 = $6.48
Answer:
The cost of Ningbo Shipping Preferred stock is 12.40%
Step-by-step explanation:
In this question, we are asked to calculate the cost of Ningbo shipping Preferred stock.
To calculate this, we make use of the following mathematical relation;
The cost preferred stock Kp = Annual dividends/ Issued price-Cost of Issuing
From the question, we identify the following;
Issued price = $125
Annual dividend = $15
Cost of Issuing = $4
Inserting these into the formula we have;
Kp = $15/$125 - $4 = 12.40%
This means that Cost of Ningbo shipping preferred stock is 12.40%
