Faith ,'End of Days'
Off-topic discussion. Wanna talk about corsets, duct tape, or physics? This is the place. Detailed discussion of any current-season TV must be whitefonted.
Much better than working out for an hour and craving hot fudge sundaes.
Well, wouldn't have said no to that either, but I resisted. Went with spicy sushi and some garlic pretzel chips to counter the wasabi burn. Am now contentedly stuffed.
Satisfied the sweet craving with a small handful of the mint M&Ms.
Also, sushi is EXTREMELY DELICIOUS and should be consumed whenever possible.
Also, sushi is EXTREMELY DELICIOUS and should be consumed whenever possible.
That is so true, it's written on my soul.
I don't like sushi. I like California rolls okay, but even those tend to come in such big pieces I can't eat them happily. I need littler bites. Mini-sushi.
Ugh. See, this is how bad I am at math, I don't even know how to explain it so that it's understandable.
I'm doing a rate of return problem: P1= the price of stock one year from now (which is x here), P0= the price of stock now, (which is 72) and the rate of return also includes the dividend, which is D1 (or 2 in this example). So the rate of return equation is (P1-P0)+D1= Rate of return.
So once I figure out what (x-72)+2 is, let's call that y, I need to solve for y, which is y divided by 72 which produces the rate of return which is 15%.
Here's the problem as it's written, without my clearly flawed interpretation:
Emily has decided that she will not invest in the common stock of any company, unless she can expect a rate of return of 15% per year. Casco, Inc. is now selling for $72.00 a share and pays an annual dividend of $2.00 per hare. Determine the price that Casco must reach in a year in order for Emily to attain her goal.
I like California rolls okay, but even those tend to come in such big pieces I can't eat them happily. I need littler bites. Mini-sushi.
Sushi should totally be one bite. I hate that people think bigger is better in this.
In order to get a 15% return on $72.00, Emily will need to have (72 + (72 * .15)) = $82.80 dollars at the end of the year. But since there is a $2.00 dividend, the stock price need only be $80.80.
Leaving out the "+2", I'm getting 82.8 from ((72x15)/100)+72 or 72x15%+72, but again I can't figure how the "+2" fits in.
and pays an annual dividend of $2.00 per hare.
I think the answer depends on whether it's wabbit season.