What is the stock current value per share

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1. Tresnan Brothers is expected to pay a $2.8 per share dividend at the end of the year (i.e., D1 = $2.8). The dividend is expected to grow at a constant rate of 8% a year. The required rate of return on the stock, rs, is 15%. What is the stock's current value per share? Round your answer to two decimal places. $

2. At an emergency room, on average, 30 patients arrive and are processed per hour. First, patients wait in queue for registration. After that, patients wait to be seen by a doctor. On average, there are 20 patients waiting for registration and another 40 waiting to be seen by a doctor. How many hours does an average patient wait in the ER (just waiting time, not including registration time) before being seen by a doctor?

Reference no: EM132250446

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