Fuffy ,'Storyteller'
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.
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.
Tom, you are a rock star! And thanks for the explanation.
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.
So Emily just needs to catch and mate a couple of rabbits, then.
t /smartass
Smartass x-post. I love us.
Sushi should totally be one bite. I hate that people think bigger is better in this.
This! The mega-sized sushi served at most mid-range NY places drives me crazy with its wrongness. Bigger is not always better!
Is there anything Tom Scola is not awesome at?