Question
Louis Morgan natural foods in pain and annual dividend of $1.37 a share last month. Today the company announced that future dividends will be increasing
Louis Morgan natural foods in pain and annual dividend of $1.37 a share last month. Today the company announced that future dividends will be increasing by 2.8% annually. If we require a return of 11.6% how much we're willing to pay to purchase one share of this stock today
A 11.21
B 15.57
C 22.30
D 182.40
A generous benefactor does a local ballet plans to make a one time endowment which would provide the ballet with a $120000 per year into. Perpetuity the rate of interest is expected to be 6% for all future time periods. How large must the endowment be?
A. $200,000
B. $2,000,000
C $20,000,000
D. $1,200,000
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