1. The dividend for the next two years is $2.50. The stock is expected to be worth S30 at the end of the 2nd year. Using a discount rate of 9%, determine the value.
2. Canadian Bacon Inc. financial statements are presented in the table below. Based on the information in the table, and using a 365-day year, calculate Average Day’s Purchases. Round the answers to two decimal places
3. What is the present value of the following annuity? $3,892 every year at the end of the year for the next 5 years, discounted back to the present at 5.67 percent per year, compounded annually.