Answer:
$89.41
Explanation:
Data provided in the question:
Dividend declared = $6.30 per share
Tax rate = 20%
Selling price of the stock = $94.45
Now,
Aftertax dividend = Dividend × ( 1 - Tax rate )
= $6.30 × ( 1 - 0.20 )
= $5.04
Thus,
Ex-dividend price = Selling price - Aftertax dividend
or
Ex-dividend price = $94.45 - $5.04
or
Ex-dividend price = $89.41
Answer:
Second National Bank
Present value (PV) = $5,400
Future value (FV) = $13,900
Interest rate (r) = 10% = 0.10
FV = PV(1 + r)n
$13,900 = $5,400(1 + 0.10)n
<u>$13,900</u> = (1.10)n
$5,400
2.574074074 = (1.10)n
Log 2.574074074 = n log 1.10
<u>Log 2.574074074</u> = n
Log 1.10
n = 9.9 years
None of the answers is correct
Explanation:
In this case, we will apply the formula of future value of a lump sum. The present value, interest rate and future value were provided with the exception of number of years. Thus, the number of years becomes the subject of the formula. The future value equals present value, multiplied by 1 plus interest rate, raised to power number of years.
Answer:
It drives economic growth, enhanced efficiency, increased innovation, and the greater fairness that accompanies a rules-based system.
Answer:
$180 is the correct answer!!!
Explanation: