1.A local travel agent is advertising an upscale vacation pkg for travel 3 years from now to Antarctica. pkg requires you pay $25,000 today, $30,000 one year from today and final payment of $45,000 on the day you depart 3 yrs from today. what is the cost of this vacation in today’s dollars if the discount rate of 9.75%
2.An Airline pd an annual dividend of $1.42 a share last month. the company is planning on paying $1.50, $1.75 and $1.80 a share over the next 3 years. after that, the dividend will be constant at $2 per share per yr. what is the market price of this stock if the market rate of return is 10.5%?
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