Gilmore, Inc., just paid a dividend of $2.35 per share on its stock. The dividends are expected to grow at a constant rate of 4.1 percent per year, indefinitely. If investors require a return of 10.4 percent on this stock, what is the current price

$38.89

Step-by-step explanation:

Given that:

Gilmore, Inc., just paid a dividend ( D₀) of $2.35 per share on its stock

The dividends are expected to grow at a constant rate (r) of 4.1 percent per year = 0.041

SO; if Gilmore, Inc., is requesting for a return of 10.4 percent on this stock; the current price is calculated as follows:

P₀= D₁ / (r - g)

P₀ = D₀×(1+g) / (r-g)

P₀ = $2.35 × (1+0.041) / (0.104 - 0.041)

P₀ = $2.45 / 0.063

P₀ = $38.89

Thus, the current price = $38.89

there are 70 more legs than eyes at the dog show (196 – 126 = 70). dogs have two more legs than eyes, and humans have the same number of legs as eyes. thus 70 is twice the number of dogs at the show, so the number of dogs is half of 70, which is 35. to get the number of humans, subtract 35 from 63: 63 – 35 = 28.

step-by-step explanation:

other answer is correct. i had used the radius of the radius somehow. a website: