What was most recent dividend per share paid on stock

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1. Your neighbor has gotten into some serious credit card debt, and currently owes $16,859 with an interest rate of 19% APR. Making the minimum payment of $433 per month, how long will it take to pay off this loan? Enter answer in months, to two decimal places.

2. Secolo Corporation stock currently sells for $32 per share. The market requires a return of 11.8 percent on the firm’s stock. If the company maintains a constant 3.9 percent growth rate in dividends, what was the most recent dividend per share paid on the stock? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

3. You have decided to deposit $100 in O’Neil National Bank at the beginning of every month. The bank compounds interest on a monthly basis but at a variable rate adjusting it annually. You know that during the first year, the interest will be 8% annually, but during the second year, it will go up to 9%. Find the amount in your account after two years.

Reference no: EM132008118

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