Answer:
jul-01	Prepaid expenses  	13.620  
jul-01      Cash                              13.620
      
dec-31	Insurance policy expense	2.270  
dec-31     Prepaid expenses    2.270
Explanation:
Paid	1-jul	13620    
      
Three Years	13.620	36 months    
Monthly	378	month    
Current Year	2.270	6 months    
            
jul-01	Prepaid expenses  	13.620  
jul-01      Cash                              13.620
      
dec-31	Insurance policy expense	2.270  
dec-31     Prepaid expenses    2.270
 
        
             
        
        
        
Answer:
$77.34
Explanation:
The computation of the current stock price is shown below:
But before that following calculations need to be done
EPS for year 2 = Dividend at year 2 ÷ Payout Ratio
= $1.96 ÷  0.40
= $4.90
Now  the price at year 2 is 
Price at year 2 ÷ EPS at year 2 = PE ratio
Price at year 2 ÷ $4.90 = 18.95
Price at year 2 = $92.855
Now finally the current stock price is 
= Dividend at year 1  ÷ (1 + rate of interest) + Dividend at year 2 ÷ (1 + rate of interest)^2 + Price at year 2 ÷ (1 + rate of interest)^2
= $1.81 ÷ 1.119 + $1.96 ÷ 1.119^2 + $92.855 ÷ 1.119^2
= $77.34
 
        
             
        
        
        
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