E-Eyes has a new issue of preferred stock it calls 20/20 preferred. The stock will pay a $20 dividend per year, but the first dividend will not be paid until 20 years from today. If you require a return of 11 percent on this stock, how much should you pay today

Price to be paid for the stock = $25.032

Explanation:

A preferred stock pays a constant amount of dividends in perpetuity.

Using the dividend valuation model, the estimate price of such a stock would be the present value (PV) of the perpetuity.

This given below as dollows:

PV= A/r

A-constant dividend,- 20 ,

r- rate of return- 11%

PV of dividend in Year 19

PV = 20/0.11= 181.8181818

PV in year in year 0

PV = 181.8181818  × 1.11^(-19) = 25.032

Price to be paid for the stock = $25.032

answer; lags, push the econ below the natural level of output;

among other factors, composers started writing dynamic markings in their scores because "new instruments allowed for more dynamic ranges and contrast."

dynamics allude to the loudness or softness of music. dynamics offer an approach to demonstrate articulation in sheet music. they to drive the enthusiastic substance of music through volume and force. maybe you could alter both the volume and the shading profundity on your screen at the same time. we can likewise think about the force side of elements as the quality of a note. a few notes are intended to be played delicately and gently, while others are intended to be played all the more firmly.  

some dynamics markings have a letter 'm,' which remains for mezzo, signifying 'medium.' so a mezzo piano unique stamping resembles this (mp) and intends to play medium calm, while a mezzo specialty dynamic resembles this (mf) and intends to play medium loud.