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29.04.2021 18:01
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At time t= 0, Donald puts 1000 into a fund crediting interest at an annual nominal

At time t= 0, Donald puts 1000 into a fund crediting interest at an annual nominal interest rate of i compounded semiannually At time t-2, Lewis puts 1000 into a different fund crediting interest at a force of δ=1/5+t for all t. At time t 16, the amounts in each fund will be equal. Note: In this problem, t is representing time in years. Calculate i.
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paulawells11
paulawells11
4,6(59 marks)

53.09

Explanation:

The price/earnings ratio of common stock is an investment ratio that compares the current price of the stock to its earnings per share, in a bid to assess the stock performance relative to its earnings

share price=$60

earnings per share=net income/year-end shares outstanding

net income=$260,000

year-end outstanding shares=230,000

earnings per share=$260,000/230,000

earnings per share=$1.13

price/earningsratio=$60/$1.13

price/earningsratio=53.09

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