The following formula is used to calculate the monthly payment on a personal loan.
P= PY-
1-(1+2)
In this formula, i represents the of the loan.
a. annual interest rate
b. interest rate per period
c. initial amount
d. incident amount
Please select the best answer from the choices provided
O A
OB
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Storico co. just paid a dividend of $3.15 per share. the company will increase its dividend by 20 percent next year and then reduce its dividend growth rate by 5 percentage points per year until it reaches the industry average of 5 percent dividend growth, after which the company will keep a constant growth rate forever. if the required return on the company’s stock is 12 percent, what will a share of stock sell for today?