The Percent of Mothers Who Work Outside the Home and Have

question 14

Short Answer

The percent of mothers who work outside the home and have children younger than age 6 yr is approximated by the function where t is measured in years, with corresponding to the beginning of 1980. Compute . Round your answer to the nearest thousandth. __________% per year in the second power

---

Definitions:

Constant Growth

A model assuming that a company's dividends will continue to grow at a constant rate indefinitely, used in valuing stocks.

Preferred Stock

A class of stock that has a higher claim on assets and earnings than common stock, often with fixed dividends.

Annual Dividend

The total amount of money paid to shareholders from a company's profits over the course of a year per share of stock.

Floatation Costs

Expenses incurred by a company in issuing new securities, including underwriting fees and legal and administrative fees.