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Author Question: The Millville School District had 3,071 students enrolled five years ago. Today, the district ... (Read 428 times)

chandani

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on: Jul 10, 2018
The Millville School District had 3,071 students enrolled five years ago. Today, the district enrollment is 2,418 students. What has been the annual rate of change of student enrollment in the Millville School District over this time period?
 
  A) -5.40
  B) -4.25
  C) -4.67
  D) 4.25

Question 2

The upper limit on common stock dividends, which is set by the SEC, is generally equal to the sum
  of dividends paid on the company's preferred stock.
 
  Indicate whether the statement is true or false
Foundations of Finance ¦ Keown, Petty, Martin ¦ 9th Edition
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shailee

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

Answer: C
Explanation: C) r = (FV/PV)1/n - 1 = (2,418/3,071)1/5 - 1 = -4.67
MODE = END
INPUT 5 ? -3,071 0 2,418
KEY N I/Y PV PMT FV
CPT -4.67

Answer to Question 2

FALSE


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chandani

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Reply #2 on: Jul 10, 2018
Thank you


shailee

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Reply #3 on: Jul 10, 2018
No problemo


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