# Show work if possible. Thank you!You have a balance of \$2,000 on your credit card and your monthly minimum payment is \$35.

1. You have a balance of \$2,000 on your credit card and your monthly minimum payment is \$35. The credit card company charges an APR of 18%, compounded monthly. If you just make the minimum payment and do not add additional charges on the card, how long it takes you to pay the balance off? (round to the nearest month)
a. 42 months
b. 58 months
c. 131 months
d. Never
e. None of the above
2. The Jones Company has decided to undertake a large project. Consequently, there is a need for additional funds. The financial manager plans to issue preferred stock with a perpetual annual dividend of \$5 per share. If the required return on this stock is currently 20 percent, what should be the stock’s market value?
a. \$150
b. \$100
c. \$ 30
d. \$ 25
3. Netscrape Inc. just paid a dividend of \$1.00 per share. The dividends are expected to grow at 20% rate for the next three years and then level off to a 4% rate indefinitely. If the required return is 12%, what is the value of the stock today?
a. \$15.00
b. \$16.20
c. \$19.44
d. \$22.45
e. None of the above

## Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
\$26
The price is based on these factors:
Number of pages
Urgency
Basic features
• Free title page and bibliography
• Unlimited revisions
• Plagiarism-free guarantee
• Money-back guarantee
On-demand options
• Writer’s samples
• Part-by-part delivery
• Overnight delivery
• Copies of used sources
Paper format
• 275 words per page
• 12 pt Arial/Times New Roman
• Double line spacing
• Any citation style (APA, MLA, Chicago/Turabian, Harvard)

# Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

### Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

### Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

### Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.