The amount of money in your savings account

Assignment Help Financial Management

Reference no: EM131322790

1) Since your first? birthday, your grandparents have been depositing $140 into a savings account every month. The account pays 6?% interest annually. Immediately after your grandparents make the deposit on your 18th? birthday, the amount of money in your savings account will be closest? to:

A. $65,075

B. $32,537

C. $75,921

D. $54,229

2) JRN Enterprises just announced that it plans to cut its dividend from $2.00 to $1.50 per share and use the extra funds to expand its operations. Prior to this? announcement, JRN's dividends were expected to grow at 5?% per year and? JRN's stock was trading at $25.00 per share. With the new? expansion, JRN's dividends are expected to grow at 10?% per year indefinitely. Assuming that? JRN's risk is unchanged by the? expansion, the value of a share of JRN after the announcement is closest? to:

A. $25.00

B. $18.75

C. $66.67

D. $50.00

Reference no: EM131322790

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