It is reported that an annuity-immediate with $100 annual payments for s years has an accumulated value of $933.52 at the time of its last payment. Furthermore, an annuity-immediate that has $40 annual payments and a term four times as long accumulates to $2,680.11 at the time of its last payment. Now consider an annuity that has the same term as the second of these annuities but only has a payment at the end of each four years. Suppose its first payment is $2,400 and each further payment is $300 more than its predecessor. Express the accumulated value of this third annuity at the time of its last payment as a function of the annual effective interest rate i . Make sure any annuity symbols appearing in the function are to be evaluated at the rate i used in valuing the first two annuities.

If a firm plans to issue new stock, flotation costs (investment bankers' fees) should not be ignored. there are two approaches to use to account for flotation costs. the first approach is to add the sum of flotation costs for the debt, preferred, and common stock and add them to the initial investment cost. because the investment cost is increased, the project's expected return is reduced so it may not meet the firm's hurdle rate for acceptance of the project. the second approach involves adjusting the cost of common equity as follows: . the difference between the flotation-adjusted cost of equity and the cost of equity calculated without the flotation adjustment represents the flotation cost adjustment. quantitative problem: barton industries expects next year's annual dividend, d1, to be $1.90 and it expects dividends to grow at a constant rate g = 4.3%. the firm's current common stock price, p0, is $22.00. if it needs to issue new common stock, the firm will encounter a 6% flotation cost, f. assume that the cost of equity calculated without the flotation adjustment is 12% and the cost of old common equity is 11.5%. what is the flotation cost adjustment that must be added to its cost of retaine

How many months does the federal budget usually take to prepare

If a product goes up in price, and the demand for it drops, that product's demand is a. elastic b. inelastic c. stable d. fixed select the best answer from the choices provided