estion. 10. Leticia walks down stairs, alternating her feet. Leticia is probably _______ year(s) old. A. four B. two C. one D. t
2 answers:
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Answer:
$50
Explanation:
Given,
Current Net income = $2,000,000
No. of common shares today = 500,000
Current market price per share = $40
Anticipated Net income in 1 year = $ 3,250,000
Anticipated No. of common shares in 1 year = 500,000 +150000 =650,000
From this data, then
The current Earnings Per Share(EPS) =
Current Price/Earning ratio =
Anticipated EPS in 1 year=
If the company's P/E ratio remain as that of the current at 10, then
The anticipated price of stock in 1 year = Anticipated EPS * P/E ratio in 1 year
= $5 *10 = $50
Answer:
By the time Michael is 21 years old, Uncle C has saved the most money.
Explanation:
Uncle A = $50 on Michael's first birthday, and same on each birthday
When Michael is 21 years of old, His <em>Uncle A</em> will save = $50 x 21 = $1,050
Uncle B = $15, and $5 more than the previous year. It means 15, 20, 25...
When Michael is 21 years of old, His <em>Uncle B</em> will save = $1,365
Here is the sequence = (15+20+25+30+35+...............+100+105+110+115)
Uncle C = $40, and 5% more than the previous year. It means $40 x 1.05 = $42 in the 2nd year.
When Michael is 21 years of old, His <em>Uncle C</em> will save = $1,428.77 (See the image below to get the proper explanation)
Uncle D = $300. It offers 2.7% interest <em>compounded quarterly</em>. When Michael is 21 years of old, His <em>Uncle D</em> will save = $527.88
Using the Future value, we can determine Uncle D's savings. Hence,
FV = PV ×
FV = $300 ×
FV = $300 × 1.7596
FV = $527.88
