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Author Question: You wish to deposit 7,000 in an account at the Shylock Bank. The bank pays interest at a nominal ... (Read 174 times)

Hungry!

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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


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Sierray

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Reply #1 on: Jul 10, 2018
Answer to Question 1

A

Answer to Question 2

C


Hungry!

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Reply 2 on: Jul 10, 2018
YES! Correct, THANKS for helping me on my review

Jsherida

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Reply 3 on: Yesterday
Excellent

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