This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: You wish to deposit 7,000 in an account at the Shylock Bank. The bank pays interest at a nominal ... (Read 116 times)

Hungry!

  • Hero Member
  • *****
  • Posts: 1,071
on: Jul 10, 2018
You wish to deposit 7,000 in an account at the Shylock Bank. The bank pays interest at a nominal annual rate of 10 compounded monthly. What is the future value in the account after seven years?
 
  A) 14,055.44
  B) 13,975.47
  C) 13,641.02
  D) 13,336.23
  E) 14,726.68

Question 2

A stock just paid a dividend of 1.15, has a required rate of return of 17, and a constant dividend growth rate of 3. What price should this stock be selling for?
 
  A) 17.08
  B) 8.21
  C) 8.46
  D) 1.22
  E) 6.05


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Sierray

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jul 10, 2018
Answer to Question 1

A

Answer to Question 2

C


Hungry!

  • Member
  • Posts: 1,071
Reply 2 on: Jul 10, 2018
Excellent

cam1229

  • Member
  • Posts: 329
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Table 6.1 illustrates the main regime types and their differences. It breaks the regimes into four Table 6.1 illustrates the main regime types and their differences. It breaks the regimes into four
An example of the front and back sides of a deposit slip. An example of the front and back sides of a deposit slip.
Bank reconciliation form. Bank reconciliation form.
The treasurer of a union proposes changing the method of compounding interest on premium ... The treasurer of a union proposes changing the method of compounding interest on premium ...
A bank statement shows a balance of $2,970.31 The check register of the account owner shows an ... A bank statement shows a balance of $2,970.31 The check register of the account owner shows an ...
Video: Digestion Animation

For a complete list of videos, visit our video library