Question
2. Last year-end, RedRock had total common equity of $314,344 and 16,308 shares of stock outstanding. During the year, RedRick had $48,141 of net income
2. Last year-end, RedRock had total common equity of $314,344 and 16,308 shares of stock outstanding. During the year, RedRick had $48,141 of net income and it paid out $11,561 as dividends. What was the book value per share at the end of this year?
3. You are willing to invest $12,052 today. PhantomNorth Partners is recommending that you invest in Nitro exchange-traded funds that pay 12%, compounded annually. How many years will it take for your investment to grow to $55,412?
4. Calculate the present value of the following cash flow stream: CF1 = $71, CF2 = $102, CF3 = $182, CF4 = $348. The discount rate is 2%.
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
12th Edition
978-0030243998, 30243998, 324422695, 978-0324422696
