Sew ‘N More just paid an annual dividend of $1.42 per share….

Sew ‘N More just paid an annual dividend of $1.42 per share. The firm plans to pay annual dividends of $1.45, $1.50, and $1.53 over the next 3 years, respectively. After that time, the dividends will be held constant at $1.60 per share. What is this stock worth today at a discount rate of 11.7 percent?

You’re trying to save to buy a new $68,000 sports car. Curre…

You’re trying to save to buy a new $68,000 sports car. Currently, you have saved $36,840 which is invested at 4.9 percent annually compounded interest. How many years will it be before you purchase the car, assuming the price of the car remains constant?