Which is greater, the present value of a 1,000 five-year ordinary annuity discounted at 10, or the present value of a 1,000 five-year annuity due discounted at 10?
A) The ordinary annuity is worth more with a present value of 3,790.79.
B) The annuity due is worth more with a present value of 4,169.87.
C) The ordinary annuity is worth more with a present value of 4,169.87.
D) The annuity due is worth more with a present value of 4,586.85.
Question 2
Which of the following dividend policies will cause dividends per share to fluctuate the most?
A) constant dividend payout ratio
B) small, low, regular dividend plus a year-end extra
C) stable dollar dividend
D) no difference between the various dividend policies
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