Feeback Corporation stock currently sells for $78 per share. The market requires a return of 9.4 percent on the firm's stock. If the company maintains a constant 2.7 percent growth rate in dividends, what was the most recent dividend per share paid on the stock?
First City Bank pays 6 percent simple interest on its savings account balances, whereas Second City Bank pays 6 percent interest compounded annually.
If you made a $72,000 deposit in each bank, how much more money would you earn from your Second City Bank account at the end of 10 years?