Fowler inc, just paid a dividend of 2.55 per share on its stock. The dividends are expected to grow by 3.9% per year indefinitely. If investers require a 10.4% return on this stock what will the price be in 3 years, what will the price be in 15 years?

Answers

Answer 1

When Fowler inc, just paid a dividend, the price in 15 years for the share is $72.36.

How to calculate the price?

This will be illustrated as:

P0 = D1 / (Ke - g)

P0 = Current Price

D1 = Expected Dividend after 1 Year

Ke = COst of Equity

g = Growth Rate

Dividend for first year will be:

D1 = D0(1+g)

= $ 2.55 (1+0.039)

= $ 2.55(1.039)

= $ 2.6495

Current price will be:

P0 = D1 / (Ke - g)

= $ 2.6495 / (0.104-0.039)

= $ 2.6495 / 0.065

= $ 40.76

Price in 15 years will be

P15 = D16 / (Ke - g)

P15 = Price after 15 Years

D16 = Expected Div after 16 Years

Ke = COst of Equity

g = Growth Rate

D16 = D0(1+g)^16

= $ 2.55 (1+0.039)^16

= $ 2.55(1.039)^16

= $2.55 * 1.8444

= $ 4.7031

P15 = D16 / (Ke - g)

= $4.7031 / (0.104-0.039)

= $4.7031 / 0.065

= $72.36

The price is $72.36

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Related Questions

write in slope-intercept form an equation of the line that passes thorugh the given points.(1,2), ( -2, -1)

Answers

Determine the equation of line passing through two points.

[tex]\begin{gathered} y-2=\frac{-1-2}{-2-1}(x-1) \\ y-2=-\frac{3}{-3}(x-1) \\ y-2=x-1 \\ y=x+1 \end{gathered}[/tex]

So equation of line is,

[tex]y=x+1[/tex]

Find g(x), where g(x) is the translation 4 units down of f(x)=x.

Write your answer in the form mx+b, where m and b are integers.

(Will mark best answer brainliest)

Answers

Answer:

g(x) + 4 = x

g(x) = x - 4 which is probably the answer you should submit.

Step-by-step explanation:

Givens

f(x) = x

g(x) +4 = f(x)  

Comment

f(x) and g(x) are forms of y or z. What they mean is that whatever x is on the left, it will be make the same on the right. It is just a short hand to help you in defining the y value.

If you want to move down, The y value is the one to notice. Notice that it is not intuitive. If you want to go down the sign on y + 4 = x is the equation you use. It is the exact opposite of what you think it should be. The graph below should help you.

The red line is f(x)  = x

The blue line is g(x) + 4 = x.

The blue line can be written as g(x) = x - 4 which would be more inetuitive.

I have a practice problem that I need answered, can someone help and explain?

Answers

Given:-

[tex]\begin{gathered} A=\begin{bmatrix}{-3} & {5} & {2} \\ {8} & {-1} & {3} \\ {} & {} & \end{bmatrix} \\ \end{gathered}[/tex]

Now to find the value of,

[tex]-2R_2+3R_1[/tex]

So by simplyfying according to the given elementary row operation,

Find the difference of 7,419 and 5,267

Answers

7,419-5,267= 2,152!!

Answer:

2,152

Step-by-step explanation:

So to find this all you have to do is subract 7,419 and 5,267 to get the answer of 2,152

Hope This Helps <3 <3

i need help with a test prep problem

Answers

The diameter = 2 times the radius

radius = diameter / 2

radius = 25.3/2

radius = 12.65 cm

Result radius = 12.65 cm

A vehicle travels 426 kilometers in 6 hours. Find the unit rate

Kilometers per hour

Answers

Unit of measurement: km (kilometers)

Speed = distance/time (s = d/t)

Distance: 426 km

Time: 6 hours

Plug these values into the format S = d/t

S = 426 km/6 hours
S = 71 kph

The vehicle traveled 71 kilometers per hour.

2.8-4.4n-2n+7QUICKLY BRAINLY IF CORRECT

Answers

Answer

2.8 - 4.4n - 2n + 7 = 9.8 - 6.4n

Explanation

To answer this, we just bring the terms with n together and the terms without together too.

2.8 - 4.4n - 2n + 7

= 2.8 + 7 - 4.4n - 2n

= 9.8 - 6.4n

Hope this Helps!!!

You are the owner of Caché, a chain of women's clothing boutiques. Your state has a sales tax of 7%, and your city has an additional sales tax of 1.5%. Each quarter you are responsible for making these tax deposits to the city and state. Last quarter your stores had total revenue, including sales tax, of $271,250.

Answers

(a) 250000 of this revenue was sales and $11250 much was sales tax. (b) $11250 of sales tax should be sent to the city and $3750 sales tax should be sent to the state.

Let us assume that the total sales are $X.

According to the given situation, 7% is the sales tax and an additional state sales tax of 1.5% will be charges on the sales.

The total revenue including sales tax is $271250.

(a) Total revenue = sales + total sales tax

So, we can write,

X + X(7+1.5)% = 271250

Solving further,

X + X(8.5%) = 271250

X + 8.5X/100 = 271250

108.5X = 271250×100

X = 250000

Total sales is $250000.

Total sales tax is $(2710250-250000)

Total sales tax is $21250.

(b) Total sales is $250000.

Tax charges by city is 7%.

Using percentage formula,

Percentage of tax = Total tax amount/Total sales amount × 100

Putting all the values,

7 = Total tax amount/250000 × 100

Total tax amount = 7 × 2500

Total tax amount = 17500 dollars.

Total amount to be sent to the city is 175000$.

(c) Total sales is $250000.

Tax charges by city is 1.5%.

Using percentage formula,

Percentage of tax = Total tax amount/Total sales amount × 100

Putting all the values,

1.5 = Total tax amount/250000 × 100

Total tax amount = 1.5 × 2500

Total tax amount = 3750 dollars.

Total amount to be sent to the city is 175000$.

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Select the correct answer.
Which expression is equivalent to ³+2+3 if no denominator equals zero?
=+1
OA.
3
B.
+3
OC. 2-3
OD. +

Answers

The second expression 1/(x^2 - 4x + 3) is equivalent to the given expression.

What are the equivalent expression?

Expressions that are equivalent do the same thing even when they have distinct appearances. When we enter the same value(s) for the variable, two algebraic expressions that are equivalent have the same value (s).

Consider the given expression,

((x + 3) / (x^2 - 2x - 3)) / ((x^2 + 2x -3)/ (x + 1))

We can write the expression as,

((x + 3) / (x^2 - 2x - 3)) x ((x + 1) / (x^2 + 2x -3))        

Rewrite the equation x^2 - 2x - 3 and x^2 + 2x -3 as,

x^2 - 2x - 3 = x^2 - 3x + x - 3 = (x - 3)(x + 1)

x^2 + 2x - 3 = x^2 + 3x - x - 3 = (x + 3)(x - 1)

plug these values in the above expression, we get

((x + 3) / ((x - 3)(x + 1)) x ((x + 1) / ((x + 3)(x - 1))

After solving this, we get

1 / ((x - 3)(x - 1) = 1 / (x^2 - 4x + 3)

Therefore, the second expression is equivalent to the given expression.

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The projected profit (in thousands of dollars) of a new technology company in year t can be modeled by the polynomial 2t2 - 9t - 18
When the company will break even (have zero profit)? Show all work necessary to justify your answer.
The projected profit (in thousands of dollars) in year t of a newly developed line of business can be modeled by the monomial t3 . Write a polynomial that models the company’s total profit including this new line of business.
How many years sooner will the company break even with the new line of business? Show all work necessary to justify your answer.

Answers

Answer:

a. The company will break even in 6 years

b. The total profit with the newly developed line of business is:

[tex]t^3+2t^2-9t-18[/tex]

c. The company will break even 3 years sooner

Explanation:

The projected profit is given as:

[tex]2t^2-9t-18[/tex]

a. The company will break even when the profit is zero. That is;

[tex]\begin{gathered} 2t^2-9t-18=0 \\ \\ (2t+3)(t-6)=0 \\ 2t+3=0 \\ \Rightarrow t=-\frac{3}{2} \\ \\ t-6=0 \\ t=6 \end{gathered}[/tex]

6 is the realistic number of years (As we cannot have -3/2 years).

We conclude that they will break even in 6 years

b. The projected profit of a newly developed line of business is:

[tex]t^3[/tex]

The total profit is now;

[tex]t^3+2t^2-9t-18[/tex]

The company will break even with this new line of business as follows:

[tex]\begin{gathered} t^3+2t^2-9t-18=0 \\ (t+2)(t+3)(t-3) \\ t+2=0 \\ \Rightarrow t=-2 \\ t+3=0 \\ \Rightarrow t=-3 \\ t-3=0 \\ \Rightarrow t=3 \end{gathered}[/tex]

We choose t = 3 (because we cannot have -2 years or -3 years)

The difference between this and the previous time is 6 - 3 = 3 years

The company will break even 3 years sooner

Last week, Lisa sold 20 hand-engraved watch bands, earning a total profit of $105.00.She plans to make 50 engraved watch bands to sell at the community art fair. If shesells all 50 watch bands, how much profit can Lisa expect to earn?

Answers

In this case, we'll have to carry out several steps to find the solution.

Step 01:

data:

hand-engraved watch bands:

total watch bands = 20

total profit = $105.00

Step 02:

ratio:

total profit (50 watch bands):

[tex]50\text{ watch bands * }\frac{\text{ \$ 105.00}}{20\text{ watch bands}}\text{ = \$ 262.50 }[/tex]

The answer is:

$ 262.50

g(x)=-3x-1 What is g(10

Answers

A function is a relation that gives one input for every one output thus the value of g(10) is -31.

What is a function?

A certain kind of relationship called a function binds inputs to essentially one output.

The machine will only accept specified inputs, described as the function's domain, and will potentially produce one output for each input.

As per the given function,

g(x) = -3x - 1

The value of the function at x = 10

g(10) = -3(10) - 1

g(10) = -30 - 1 = -31

Hence "A function is a relation that gives one input for every one output thus the value of g(10) is -31".

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The Smith’s and the Jones are neighbors. They both have a tax rate of 28.5 mills. The Smith’s house is assessed at $80,000. The Jones’ house is assessed at $67,000. How much more do the Smith’s pay in property tax?

Answers

Given

Tax rate = 28.5 mills

Smith's house is accessed at $80,000

Jones's house is accessed at $67,000

Property taxes are calculated by multiplying the assessed, taxable property value by the mill rate and then dividing that sum by 1,000.

The formula is given by:

[tex]Property\text{ tax levied on property = }\frac{mill\text{ rate }\times taxable\text{ property value}}{1000}[/tex]

Property tax for the Smith's:

[tex]\begin{gathered} =\text{ }\frac{28.5\text{ }\times\text{ 80000}}{1000} \\ =\text{ 2280} \end{gathered}[/tex]

Property tax for the Jones':

[tex]\begin{gathered} =\frac{28.5\text{ }\times\text{ 67000}}{1000} \\ =\text{ 1909.5} \end{gathered}[/tex]

The extra amount the Smith's pay is the difference in the tax levied on Smith and Jones:

[tex]\begin{gathered} =\text{ 2280 - 1909.5} \\ =\text{ 370.5} \end{gathered}[/tex]

Hence, the Smith's pay $370.5 more than the Jones'

Jessie has 5 dogs. 2 of them are male and 3 of them are female. What percent of the dogs are male?

Answers

Given

Jessie has 5 dogs

2 are male

3 are female

Procedure

What percent of the dogs are male?

Male dogs

[tex]\frac{2\text{males}}{5\text{ total}}=0.4=40\text{ \%}[/tex]

40 % of dogs are male

3 sisters age combined are 57. Jenny is 6 years
older then Lynn. Kim is 5 less then twice the age of
Lynn age. What are each sisters ages

Answers

Answer:

Step-by-step explanation:

Jenny is 20 years old

Lynn is 14 years old

Kim is 23 years old

helppppppppppp meeeeeeeeeeeeeee

Answers

Answer:

A. f(-2) = 13

B. f(0) = 1

C. f(7) = -41

Step-by-step explanation:

f(x) = 1 - 6x

A.

f(-2) = 1 - 6(-2)

f(-2) = 1 + 12

f(-2) = 13

B.

f(0) = 1 - 6(0)

f(0) = 1

C.

f(7) = 1 - 6(7)

f(7) = 1 - 6(7

f(7) = -41

I hope this helps!

Which of the following boxes should replace the question mark (?) to complete the pattern?

Answers

The most appropriate choice for pattern will be given by

Option E is the correct option

What is pattern?

Repeated arrangement of number or shape is called pattern.

Here,

Let the boxes be counted row wise

The question is all about filling all the blank boxes with orange colour.

Let the pattern be solved column wise

In the first column,

In first figure

The 2nd, 3rd and 4th boxes are filled with orange colour

Then in the second figure 5th box is filled with orange colour

To complete filling all the boxes with orange colour, 1st, 6th, 7th, 8th and 9th boxes are left. That is shown in the third figure.

In the third column

In first figure

The 5th, 6th and 9th boxes are filled with orange colour

Then in the second figure

1st, 2nd, 4th, 7th and 8th boxes are filled with orange colour

To complete filling all the boxes with orange colour, only the 3rd box is left

That is shown in third figure

Now, in the second column,

In the first figure,

1st, 7th and 8th boxes are  filled with orange colour.

Then in the second figure 3rd, 6th and 9th are filled with orange colour

To complete filling all the boxes with orange colour, 2nd, 4th and 5th boxes are left.

That is shown in option E

So option E is correct

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i can provide a better picture if needed but i only need help with b

Answers

Taking a look at the graph, we can notice that point (7000,2875.99) is highlighted.

Using this point, we can conclude that the cost of talking 7000 minutes is $2875.99

I need help with my math

Answers

Please provide the question.

We are asked to select the mathematical expressions that represent 40% of 84

We then recall that the mathematical form of 40% is in fact 40 / 100 = 0.4

Then, 40% of 84 can be written in math terms as:

40/100 times 84 = 40/100 * 84

or also

0.4 times 84 = 0.4 * 84

Therefore there are TWO options we can select in the list of possible answers:

Answer C and answer E

Compare 2x + 8 > 18 and 2c +8 < 18.

Answers

The given inequalities are :

2x + 8 > 18

2c + 8 < 18

Inequality 1 : 2x + 8 > 18

Simplify

Subtract 8 from both side :

2x + 8 - 8> 18 - 8

2x > 10

Divide both side by 2

x > 5

Inequality : 2c + 8 < 18

2c + 8 < 18

Subtract 8 from both side:

2c + 8 - 8 < 18 - 8

2c < 10

Divide both side by 2:

2c/2 < 10/2

c < 5

So, the solution is x > 5 and c < 5

So, equation will be : c < x < 5

use the data in the following table, which lists drive-thru order accuracy at popular fast food chains. Assume that orders are randomly selected from those included in the table. If two orders are selected, find the probability that they are both accurate. Complete parts (a) and (b) below.

a. Assume that the selections are made with replacement. Are the events independent?

The probability is __. The events __ (are, are not) independent.
(Do not round until the final answer. Round to four decimal places as needed.)

Answers

Answer:

a. If the selection is made with replacement, they are NOT independent because they affect each other.

b. The probability of selecting TWO accurate orders is .7157 and the events ARE independent.

Step-by-step explanation:

Add the accurate orders:

315+273+248+125=961

Add the inaccurate orders:

38+56+37+17=148

148/961=0.1540 probability of getting ONE inaccurate order

1.0-0.1540=0.846 probability of selecting ONE accurate order

0.846 * 0.846 = 0.7157 the probability of selecting TWO accurate orders

Therefore, the probability is .7157 and the events ARE independent.

How do I solve this exponential function using logarithms, it says if necessary you can round to the nearest hundredth, please show work!

Answers

The given equation is

[tex](x+7)=(2x-1)[/tex]

At first, we have to isolate x on one side and the numerical term on the other side, then

Add 1 to both sides

[tex]\begin{gathered} x+7+1=2x-1+1 \\ x+8=2x \end{gathered}[/tex]

Subtract x from both sides

[tex]\begin{gathered} x-x+8=2x-x \\ 8=x \end{gathered}[/tex]

The solution of the equation is x = 8

A line passes through the point (-4,-6) and has a slope of 5/4. Write an equation in slope-intercept form for this line.

Answers

Answer:

y = [tex]\frac{5}{4}[/tex] x - 1

Step-by-step explanation:

the equation of a line in slope- intercept form is

y = mx + c ( m is the slope and c the y- intercept )

here m = [tex]\frac{5}{4}[/tex] , then

y = [tex]\frac{5}{4}[/tex] x + c ← is the partial equation

to find c substitute (- 4, - 6 ) into the partial equation

- 6 = - 5 + c ⇒ c = - 6 + 5 = - 1

y = [tex]\frac{5}{4}[/tex] x - 1 ← equation of line

What is the solution to the division problem below? (You can use long divisionor synthetic division.)2x3 - 4x2 – 3x-9X-3A. 2x2 + 3x + 3B. 2x2 + x + 3C. 2x2 + 4x + 3O D. 2x2 + 2x+3

Answers

The answer for this process of long division is, therefore:

[tex]q=2x^2+2x+3[/tex]

To find the result for this long division, we needed to divide the first term of the polynomial by the x in the divisor. Then, if we see the first graph, we have:

[tex]\frac{2x^3}{x}=2x^2[/tex]

Then, we need to multiply this term by the divisor (x - 3), and then, subtract the result from the first two terms of the dividend. We can see as follows:

he graphs of the functions and are shown below. For each graph, find the absolute maximum and absolute minimum.

Answers

From the given graph

The graph of g has an arrow with the left end it goes up, then

The absolute maximum of g is NONE

The graph of g has a minimum point (4, -4), then

The absolute minimum is -4

The graph of h has a maximum point (-4, 4), then

The absolute maximum is 4

The graph of h has a minimum point (-1, -4), then

The absolute minimum is -4

Write the correct equation for the following statement.

You decide to rent a limo for prom. The rate is $175 plus $5 per mile
traveled. Write an equation to calculate your total cost (c) at the end of the evening for a given number of miles (m).

If you travel 45 miles what will be your total bill at the end
of the evening?

Answers

Answer:

Step-by-step explanation:

If I did the math right! The bill should be $400.00

How I did it, was I did 175+5x45.

seeing, it is $5 per mile! And the total miles you got was 45.

If I missed something, please let me know

Define a variable, set up an equation, then solve. the sum of two numbers 146. the larger number is 16 less than five times the smaller number. find both numbers.

Answers

Answer:

The smaller number = 27

The larger number = 119

Explanations:

Let the smaller number be x

Let the larger number be y

The sum of the two numbers is 146

x + y = 146..............(1)

The larger number is 16 less than five times the smaller number

y = 5x - 16.............(2)

Substitute equation (2) into equation (1)

x + (5x - 16) = 146

x + 5x - 16 = 146

6x = 146 + 16

6x = 162

x = 162/6

x = 27

Substitute the value of x into equation (2)

y = 5(27) - 16

y = 135 - 16

y = 119

The smaller number = 27

The larger number = 119

please help with this practice question

Answers

I think it’s (2,3). You move up 2, therefore it’s positive and to the right 3.
Not 100% sure though

PLEASEE HELP THIS IS DUE 2DAY!!!!!!
Create and solve a word problem using the equation 2×+12>2(×+6).include steps and strategies on how to solve the word problem

Answers

2×+12>2(×+6)
2x+12>2x+12
-2x-12 -2x -12
That would be infinite

The least positive number x for which cos x = 0 is "blank"

enter your response here.
​(Type an exact​ answer, using as needed. Use integers or fractions for any numbers in the​ expression.) TUSM!!!!!

Answers

The least positive number x for which cos x = 0 is 1.

The given trigonometric equation is cos x=0.

What is the trigonometric equation?

A trigonometric equation is one that involves one or more of the six functions sine, cosine, tangent, cotangent, secant, and cosecant. Some trigonometric equations, like x = cos x, can be solved only numerically, through successive approximations.

Now, cos x = 0

So, [tex]x=cos^{-1}(0)[/tex]

⇒ x = 1

Therefore, the least positive number x for which cos x = 0 is 1.

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