4 Caspian Sea is considering raising $16.00 million by issuing preferred stock. They believe the market...
Today is Derek's 25th birthday. Derek has been advised that he needs to have $2,633,958.00 in his retirement account the day he turns 65. He estimates his retirement account will pay 8.00% interest. Assume he chooses not to deposit anything today. Rather he chooses to make annual deposits into th retirement account starting on his 30.00th birthday and ending on his 65th birthday. How much must those deposits be? Submit Answer format: Currency: Round to: 2 decimal places. unanswered not_submitted...
Derek can deposit $11,000 on each birthday beginning with his 26th and ending with his 65th. What will the rate on the retirement account need to be for him to have $3.000.000 in it when he retires on his 65th birthday? Submit not submitted Attempts Remaining: Infinity Answer format: Percentage Round to: 4 decimal places (Example: 9.2434% % sign required Will accept decimal format rounded to 6 decimal places (ex: 0.092434)) Derek can deposit $13,535.00 on each birthday beginning with...
#5 unanswered Derek plans to retire on his 65th birthday. However, he plans to work part-time until he turns 74.00. During these years of part-time work, he will neither make deposits to nor take withdrawals from his retirement account. Exactly one year after the day he turns 74.0 when he fully retires, he will wants to have $3,028,066.00 in his retirement account. He he will make contributions to his retirement account from his 26th birthday to his 65th birthday. To...
#4 Derek decides that he needs $195,806.00 per year in retirement to cover his living expenses. Therefore, he wants to withdraw $195806.0 on each birthday from his 66th to his 89.00th. How much will he need in his retirement account on his 65th birthday? Assume a interest rate of 9.00%. unanswered not_submitted Submit Attempts Remaining: Infinity Answer format: Currency: Round to: 2 decimal places.
Derek plans to retire on his 65th birthday. However, he plans to work part-time until he turns 71.00. During these years of part-time work, he will neither make deposits to nor take withdrawals from his retirement account. Exactly one year after the day he turns 71.0 when he fully retires, he will begin to make annual withdrawals of $165,417.00 from his retirement account until he turns 90.00. He he will make contributions to his retirement account from his 26th birthday...
4 Caspian Sea Drinks needs to raise $74.00 million by issuing additional shares of stock. If the market estimates CSD will pay a dividend of $2.03 next year, which will grow at 3.01% forever and the cost of equity to be 11.93%, then how many shares of stock must CSD sell? Submit Answer format: Number: Round to: 0 decimal places. unanswered not_submitted #5 Suppose the risk-free rate is 2.36% and an analyst assumes a market risk premium of 5.49%. Firm...
Derek plans to retire on his 65th birthday. However, he plans to work part-time until he turns 75.00. During these years of part-time work, he will neither make deposits to nor take withdrawals from his retirement account. Exactly one year after the day he turns 75.0 when he fully retires, he will begin to make annual withdrawals of $145,386.00 from his retirement account until he turns 88.00. He he will make contributions to his retirement account from his 26th birthday...
#3 A firm issues preferred stock with a dividend of $4.83. If the appropriate discount rate is 9.05% what is the value of the preferred stock? Submit Answer format: Currency: Round to: 2 decimal places. unanswered not_submitted #4 A firm will pay a dividend of $1.27 next year. The dividend is expected to grow at a constant rate of 3.12% forever and the required rate of return is 12.30%. What is the value of the stock? Submit Answer format: Currency:...
Caspian Sea Drinks needs to raise $33.00 million by issuing additional shares of stock. If the market estimates CSD will pay a dividend of $1.33 # 4 unanswered next year, which will grow at 3.06% forever and the cost of equity to be not_submitted 14.60%, then how many shares of stock must CSD sell? Submit Answer format: Number: Round to: 0 decimal places.
If Derek plans to deposit $12,231.00 into his retirement account on each birthday beginning with his 26th and the account earns 6.00%, how long will it take him to accumulate $3,670,397.00? Submit Answer format: Number: Round to: 2 decimal places Derek decides that he needs $106,459.00 per year in retirement to cover his living expenses. Therefore, he wants to withdraw $106459.0 on each birthday from his 66th to his 90.00th. How much will he need in his retirement account on...