Cindy wants to deposit money for 4 consecutive years starting 3 years from now, with the goal to withdraw $50,000 twelve years from now. Assume the interest rate is 8% per year. What will the annual d Suppose your savings account pays 9% interest compound...
The more sophisticated utility maintains — perhaps increases — the quarterly dividend and then ask shareholders (either old or new) to mail back the money. In other words, the company issues new stock. This procedure diverts massive amounts of capital to the tax collector and substantial sums...