Homework Answers
We use the formula:
A=P(1+r/100)^n
where
A=future value
P=present value
r=rate of interest
n=time period.
1.21=0.81*(1+r/100)^12
(1.21/0.81)^(1/12)=(1+r/100)
(1+r/100)=1.0340
r=1.0340-1
=3.40%(Approx).
Add Answer to:
Annual dividends of ATTA Corp grew from $0.81 in 2005 to $1.21 in 2017. What was...
Annual dividends of ATTA Corp grew from $0.96 in 2005 to $1.26 in 2017.
Annual dividends of ATTA Corp grew from $0.96 in 2005 to $1.26 in 2017.What was the annual growth rate? (Round your answer to 2 decimal places.)
Campbell Supper Co. paid a $0.742 dividend per share in 2013, which grew to $0.92 in...
Campbell Supper Co. paid a $0.742 dividend per share in 2013, which grew to $0.92 in 2016. This growth is expected to continue. What is the value of this stock at the beginning of 2017 when the required return is 9.1 percent? (Round the growth rate, g, to 4 decimal places. Round your final answer to 2 decimal places.)
Campbell Supper Co. paid a $0.702 dividend per share in 2013, which grew to $0.86 in...
Campbell Supper Co. paid a $0.702 dividend per share in 2013, which grew to $0.86 in 2016. This growth is expected to continue. What is the value of this stock at the beginning of 2017 when the required return is 8.7 percent? (Round the growth rate, g, to 4 decimal places. Round your final answer to 2 decimal places.)
Campbell Supper Co. paid a $0.662 dividend per share in 2013, which grew to $0.80 in...
Campbell Supper Co. paid a $0.662 dividend per share in 2013, which grew to $0.80 in 2016. This growth is expected to continue. What is the value of this stock at the beginning of 2017 when the required return is 8.3 percent? (Round the growth rate, g, to 4 decimal places. Round your final answer to 2 decimal places.)
Some recent financial statements for Smolira Golf Corp. follow. Assets 2017 2018 SMOLIRA GOLF CORP. 2017...
Some recent financial statements for Smolira Golf Corp. follow. Assets 2017 2018 SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 39,492 Accounts payable $ 39,942 29,386 Notes payable 20,808 43,352 Other 21,484 Current assets Cash Accounts receivable Inventory $ 36,185 18,701 4,150 $ 43,482 17,550 26,074 Total $ 59,036 $ 112,230 Total $ 82,234 $ 87,106 Long-term debt $124,000 $ 190,525 $ 56,800 $ 56,800 Owners' equity Common stock and paid-in...
Biarritz Corp. is growing quickly. Dividends are expected to grow at a rate of 31 percent...
Biarritz Corp. is growing quickly. Dividends are expected to grow at a rate of 31 percent for the next three years, with the growth rate falling off to a constant 6.1 percent thereafter. The required return is 12 percent and the company just paid a dividend of $2.80. What are the dividends each year for the next four years? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) What is the share price in...
Some recent financial statements for Smolira Golf Corp. follow. SMOLIRA GOLF CORP. 2017 and 2018 Balance...
Some recent financial statements for Smolira Golf Corp. follow. SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity Assets 2017 2017 2018 2018 Current liabilities Current assets $ 42,632 $34,485 $37,928 $36,712 Cash Accounts payable Accounts Notes payable 17,851 27,856 19,108 16,275 receivable Other Inventory 3,640 42,672 19,954 24,714 $55,976 $108,456 $75,774 Total 83,621 Total $115,500 $174,101 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $55,100 55,100 273,922 315,417 Fixed assets Net plant...
The average annual return on an Index from 1996 to 2005 was 19.31 percent. The average...
The average annual return on an Index from 1996 to 2005 was 19.31 percent. The average annual T-bill yield during the same period was 3.91 percent. What was the market risk premium during these ten years? (Round your answer to 2 decimal places.)
Xenix Corp had sales of $353,866 in 2017. If management expects its sales to be $476,450...
Xenix Corp had sales of $353,866 in 2017. If management expects its sales to be $476,450 in 3 years, what is the rate at which the company's sales are expected to grow? (If you solve this problem with algebra round intermediate calculations to 4 decimal places, in all cases round your final answer to 2 decimal places, e.g. 8.72%.) Growth rate
Sheridan Corp had sales of $327,000 in 2017. If management expects its sales to be $476,450...
Sheridan Corp had sales of $327,000 in 2017. If management expects its sales to be $476,450 in 5 years, what is the rate at which the company’s sales are expected to grow? (If you solve this problem with algebra round intermediate calculations to 4 decimal places, in all cases round your final answer to 2 decimal places, e.g. 8.72%.) Growth rate %
Some recent financial statements for Smolira Golf Corp. follow. Assets 2017 2018 SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 39,492 Accounts payable $ 39,942 29,386 Notes payable 20,808 43,352 Other 21,484 Current assets Cash Accounts receivable Inventory $ 36,185 18,701 4,150 $ 43,482 17,550 26,074 Total $ 59,036 $ 112,230 Total $ 82,234 $ 87,106 Long-term debt $124,000 $ 190,525 $ 56,800 $ 56,800 Owners' equity Common stock and paid-in...
Some recent financial statements for Smolira Golf Corp. follow. SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity Assets 2017 2017 2018 2018 Current liabilities Current assets $ 42,632 $34,485 $37,928 $36,712 Cash Accounts payable Accounts Notes payable 17,851 27,856 19,108 16,275 receivable Other Inventory 3,640 42,672 19,954 24,714 $55,976 $108,456 $75,774 Total 83,621 Total $115,500 $174,101 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $55,100 55,100 273,922 315,417 Fixed assets Net plant...
The average annual return on an Index from 1996 to 2005 was 19.31 percent. The average annual T-bill yield during the same period was 3.91 percent. What was the market risk premium during these ten years? (Round your answer to 2 decimal places.)
Xenix Corp had sales of $353,866 in 2017. If management expects its sales to be $476,450 in 3 years, what is the rate at which the company's sales are expected to grow? (If you solve this problem with algebra round intermediate calculations to 4 decimal places, in all cases round your final answer to 2 decimal places, e.g. 8.72%.) Growth rate
Most questions answered within 3 hours.
-
find the critical value associated with a right sided hypothesis of
the mean using a sample...
asked 1 hour ago -
Which of the following statements is true with respect to a
simple linear regression model?
a....
asked 2 hours ago -
The energy required to remove an electron from a surface of a
solid element is called...
asked 3 hours ago -
How would you train your employees to avoid risks of using
mobile devices?
asked 4 hours ago -
Assume Kw = 1.01 ✕ 10−14
For pure water, we can calculate [H3O+ ] = [OH...
asked 5 hours ago -
Suppose that on a temperature scale X, water boils at 203.0°X
and freezes at -105.7°X. What...
asked 6 hours ago -
BaS crystallizes in a cubic unit cell with S2- ions on each
corner and each face....
asked 6 hours ago -
A. 0≤P(Oi)≤10≤P(Oi)≤1 for each i
B. P(Oi)≤0P(Oi)≤0
C. P(Oi)=1+P(OCi)P(Oi)=1+P(OiC)
D. P(Oi)≥1P(Oi)≥1
If an experiment consists of...
asked 8 hours ago -
A battery has an emf of 9.20V and an internal resistance of 1.20
ohm. a)What resistance...
asked 8 hours ago -
The area of an elastic circular loop decreases at a constant
rate, dA/dt = −6.60×10−3 m2/s...
asked 9 hours ago -
The denaturation of proteins can be described by the
equilibrium
F⇌U
where F and U represent...
asked 10 hours ago -
Please answer what the maximum and minimum force is, and the
angle on the ion is...
asked 10 hours ago