1 define an annuity and discuss why an annuity is so, Ask an Expert

Finance

1. Define an annuity and discuss why an annuity is so important when buying a car, buying a home or in a retirement plan, especially in the life of people that are not economically wealthy?

2. The March Madness Company just paid an annual dividend of $2.87. If you expect a constant growth rate of 3.95 percent, and have a required rate of return of 13.20 percent, what is the current stock price according to the constant growth dividend model?

Round the answer to two decimal places.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92791819

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