## Answers

Answer: $154.61 | |

Calculation and explanation: | |

Quarterly interest rate = 7.27%/4 = 1.8175% | |

Price of the security is the PV of the expected dividends of $2.81 | |

which, is paid in perpetuity. | |

Price = 2.81/1.8175% = | $ 154.61 |

[Formula finding PV of a perpetuity is used] |

#### Similar Solved Questions

1 answer

##### INSTRUCTIONS: In the space provided, write an A if the sentence uses the active voice, and...

INSTRUCTIONS: In the space provided, write an A if the sentence uses the active voice, and write a P if it uses the passive voice. 1. _____ Suspect Smith was apprehended at 10:30 a.m. in front of his house. 2. _____ Lieutenant Malory apprehended suspect Myers in front of the suspect’s house at...

1 answer

##### This Question: 5 pts Solve the equation. 9 In x – 18 = 0 The solution...

This Question: 5 pts Solve the equation. 9 In x – 18 = 0 The solution set is [ . (Type an exact answer in terms of e. Use a comma to separate answers as nee...

1 answer

##### Explain about supplemented foods in Canada, validity of claims on these products, and possible health implications.

Explain about supplemented foods in Canada, validity of claims on these products, and possible health implications....

1 answer

##### Why are there 2 formulas for standard deviation?

Why are there 2 formulas for standard deviation?...

1 answer

##### A "moving sidewalk" in an airport terminal building moves at a speed of 1.4 m/s and...

A "moving sidewalk" in an airport terminal building moves at a speed of 1.4 m/s and is of length 35.0 m . A woman steps on at one end and walks at a speed 1.7 m/s relative to the moving sidewalk. How much time does she require to walk from one end to the other if she walks opposite to the di...

1 answer

##### If a polyhedron has #10# vertices and #15# edges, then how many faces does it have?

If a polyhedron has #10# vertices and #15# edges, then how many faces does it have?...

1 answer

##### 12. Please provide the two starting materials for both of the following reactions (A & B...

12. Please provide the two starting materials for both of the following reactions (A & B are two different questions): A) Ht heat NH B)...

1 answer

##### Macroeconomics Question

(Advanced Analysis) Given the following diagrams: Q1 = 25 bags. Q2 = 20 bags. Q3 = 32 bags. The market equilibrium price point b is $60 per bag.The price at point a is $110 and the price at point c is $10 per bag. The price at point d is $70 and the price at point e is $50 per bag. The price at poin...

1 answer

##### Suppose that a parallel-plate capacitor has circular plates with radius R = 32 mm and a...

Suppose that a parallel-plate capacitor has circular plates with radius R = 32 mm and a plate separation of 4.7 mm. suppose also that a sinusoidal potential difference with a maximum value of 160 V and a frequency of 60 Hz is applied across the plates: that is, V = (160 V) sin[2 n(60 Hz)t] Find B_ma...

1 answer

##### Describe and discuss transmission, pathogenesis, clinical manifestations, treatment and prevention of HIV/AIDS.

Describe and discuss transmission, pathogenesis, clinical manifestations, treatment and prevention of HIV/AIDS....

1 answer

##### How do you find the zeros, real and imaginary, of # y=x^2/3+1/7x-5/9 # using the quadratic formula?

How do you find the zeros, real and imaginary, of # y=x^2/3+1/7x-5/9 # using the quadratic formula?...

1 answer

##### 1. Describe the details of these two fundamental properties of the activity of DNA polymerase a. The...

1. Describe the details of these two fundamental properties of the activity of DNA polymerase a. The direction of synthesis of the chain growth of the new strand ...

1 answer

##### 1.) Filer Manufacturing has 8,449,444 shares of common stock outstanding. The current share price is $21.19,...

1.) Filer Manufacturing has 8,449,444 shares of common stock outstanding. The current share price is $21.19, and the book value per share is $6.06. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $47,540,393, has a 0.08 coupon, matures in 15 years a...

1 answer

##### As land became detached, what effect would this have had on the development of species?

As land became detached, what effect would this have had on the development of species?...

1 answer

##### Lubricants, Inc., produces a special kind of grease that is widely used by race car drivers....

Lubricants, Inc., produces a special kind of grease that is widely used by race car drivers. The grease is produced in two processing departments—Refining and Blending. Raw materials are introduced at various points in the Refining Department. The following incomplete Work in Process account i...

1 answer

##### Practice Problem 23.50 Starting with cyclopentene and using any other reagents of your choice, show how...

Practice Problem 23.50 Starting with cyclopentene and using any other reagents of your choice, show how you would make each of the following compounds: (a) (b) (c) HO OH Choose from the following list of reagents: c b d Pd[OAC)2, PPhy, BN NaOH, H20, heat H,0NaOH (xs) CH2CH2 f g e BHy-THF (xs) CH#...

1 answer

##### Seizures are likely to be associated with an a) oversupply of GABA and an undersupply of...

Seizures are likely to be associated with an a) oversupply of GABA and an undersupply of glutamate. b) undersupply of GABA and an oversupply of glutamate. c) undersupply of GABA and an undersupply of glutamate. d) oversupply of GABA and an oversupply of glutamate....

1 answer

##### Q1. (3 marks) In the circuit shown below, R-1.5KO and the voltage drop across Ri is...

Q1. (3 marks) In the circuit shown below, R-1.5KO and the voltage drop across Ri is 4.5V. (1 pt.) A. What is the voltage drop across R? (1 pt.) B. What is the value of the resistance R? (1 pt.) C. What is the power delivered by the source voltage? S Answer: wwiw R Ri Vs=15V Q2. (3 marks) Refer to th...