Mariota Corp. just paid a dividend of $3.55 per share on its stock. The dividend growth rate is expected to be 3.95 forever and investors require a return of 12.1 percent on this stock. What will the stock price be in 13 years?

$74.92

Explanation:

The following can be deduced form the question:

Dividend, Do = $3.55

g = growth rate

Re = return

Dividend at 13th year = 3.55(1+g)^13

= 3.55(1+3.95%)^13

= 3.55(1.0395)^13

= 5.874

The stock price in the 13th year will be:

= (D13 × (1+g)/(Re - g)

= (5.874 × 1.0395)/(0.121 - 0.0395)

= $74.92

c

explanation:

c because the item on a bank statement is also referred to as an account statement. in addition, it provides the beginning balance, ending balance, statement date, transaction date for each transaction, payee, customer name and address, statement period, the account holder's account number, and the bank's customer service number

answer founder's agreement;