Massively behind schedule for million hand prop bet with brother

[Diamond Lie]

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wow this is the best level EVAR!

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[SDone]

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move up to where you can respect yourself.

[/ QUOTE ]fyp

[keikiwai]

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So last August my brother bet me $50 that I couldn’t play 1million hands of micro stakes poker in 2 years.

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this is the stupidest bet in the history of stupid bets

$50

fitty?

wtf?

are you stupid?

[rakemeplz]

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So last August my brother bet me $50 that I couldn’t play 1million hands of micro stakes poker in 2 years.

[/ QUOTE ]

this is the stupidest bet in the history of stupid bets

$50

fitty?

wtf?

are you stupid?

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[The Velour Fog]

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this is awesomely stupid

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[sharky01]

+ 40k hands non PT sites and omaha = 400k hands. 600k to go...

I am looking for a coach if anyone is interested. Will post PT screenshot and answer some of these questions later. Am still willing to take action on this bet.

[99killed]

lol

[Phildo]

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why the [censored] are you still play nl25 if your rolled for nl200 move up now

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BECAUSE IF HE PLAYS 200NL HE'LL LOSE FIFTY BUCKS, OBV

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judging by his win rate at 25nl he stands to lost a lot more than fifty bucks

[Flintoff]

Is it me or does his graph hint at a slight exponential trend? In another 350K hands he'll be beating it at the same rate as everyone else!

[sharky01]

Hey, so I have a test tomorrow for capital investment analysis and I am on top of most of the stuff other than one type of question that I can't seem to get my head round. If someone to give me a hand with the second part of this that would be awesome. $5 on FTP if you can help.

a) (the easy bit) Company A is currently tradng at 100p on the LSE and paid a dividend of 5p in period 0. The dividend is expected to grow at a constant rate of 4% per year, what is the expected return:

Solved this from: P0 = Div1/(1+r) so 100 = 5(1.04)/(1+r) => r = 0.092

b) (the part I am stuck on) Assuming that company A takes a new investment with th same rate of return as the firms existing projects. The dividend is expected to grow at 8% in year 1 - year 3 and from year 4 the dividend will grow at 3.5% per year. How much will company A's share price change?

I'm pretty sure I need to use a combination of two formulae to work this out. The first bit I'm pretty sure is:

5(1.08)/1.092 + 5(1.08^2)/(1.092^2) + 5(1.08^3)/(1.092^3)

so this works out the value of the part where the dividend is growing at 8%. After this I get a abit stuck and have tried using something along the lines of

Div4/(0.092-0.035) and then discounting this back to T0 using 1/(1.092^3) or something.

Basically I'm struggling!

Thanks if you can help.

Jon