Storico Co. just paid a dividend of $2.10 per share. The company will increase its dividend by 20 percent next year and will then reduce its dividend growth rate by 5 percentage points per year until it reaches the industry average of 5 percent dividend growth, after which the company will keep a constant growth rate forever. If the required return on Storico stock is 11 percent, what will a share of stock sell for today? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))
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Ответ:
Amount Jerry owe in June = $2,650
Explanation:
Given:
Premium per month = $150
Total cost (Accident) = $6,000
Deductible amount = $1,500
Coverage limit = $4000
Amount Jerry owe in June = ?
Computation of amount Jerry owe :
Amount Jerry owe in June = Coverage limit - Deductible amount + Premium per month
Amount Jerry owe in June = $4,000 - $1,500 + $150
Amount Jerry owe in June = $2,500 + $150
Amount Jerry owe in June = $2,650