Question
(1):mr bob is to receive an annual dividend of #8,500 for 8years.the first dividends comes in at thr end of 5years.determine the present value of his dividend income if the relevant rate is 7.5%p.a
(2):in the above question above, suppose the first dividend comes in a year from now,what will be the present value of the dividends? will the result be different if the first dividend is received now?
(2):in the above question above, suppose the first dividend comes in a year from now,what will be the present value of the dividends? will the result be different if the first dividend is received now?