David has purchased an investment that he expects to produce an annual cash flow of $3,000 for five years. He requires an 8% rate of return compounded annually
What is the maximum amount that David can pay and still earn the required rate of return?
A) $19,008
B) $15,000
C) $14,764
D) $11,978
Answer: D
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The ________ was passed by Congress in 1990, largely in response to the oil spill that resulted when the Exxon Valdez ran aground in Alaska.
A. Oil Pollution Act B. National Environmental Policy Act C. Clean Water Act D. Safe Drinking Water Act
Write a user-defined function to calculate the last dividend payment (D0) using the two-stage growth model as defined by (9-5) on page 260. The formula is:
The function should be named TwoStageDiv, and will need to accept five arguments: the initial growth rate (g1), the period of time that dividends will grow at this initial rate (n), the dividend growth rate for the remainder of time (g2), the required rate of return (kCS), and the price of the share of stock today (VCS). Use the formula to find the solution given the following data: the price of the share of stock today is $20; the initial growth rate is 15% during the first five years. The growth rate will then decline to 8% indefinitely. The required rate of return is 12%.
A simple way to remember the qualifying process is to think of the word "MAD." The letter "D" reminds the salesperson to ask if the prospect has:
A. discretion. B. dedication. C. determination. D. discernment. E. desire.
Sean is thinking about creating an automatic cat feeder similar to one that he created for dogs.He believes that cats eat several times a day.He also believes that cats can be trained to come to the sound of a slight ding, indicating that a new tray of food has been opened.He has several friends set out small trays of food, sounding a ding to see if cats will associate the sound with curiosity about the food.This action is called ______. a
a. testing the hypothesis b. forming a hypothesis c. analyzing data d. assessing results