Your company is estimated to make dividends payments of $2 next year, $3.6 the year after, and $4.6 in the year after that. The dividends will then grow at a constant rate of 7% per year. If the discount rate is 11% then what is the current stock price

1. avoid them

2. a talk with them

3. ask someone you trust

4. ignore

5. call police

answer; the nav calculated at the market close at 4: 00 pm new york time;

consumer credit. an advantage is that it allows consumers to afford expensive goods and services now, increasing their standard of living. however, a disadvantage is that it creates a trap for debt, if people do not have self control, they may see themselves filing personal bankruptcy.

credit history is used by lenders to determine whether you are a 'risky' person to give their money to.

having a short history provide very little data for the lenders. they wouldn't be able to determine your credit behavior from such a small samples. even if they are perfect.

having long credit history with few blemishes provide larger and more accurate data for the lenders to predict your credit behavior.