Astock you are evaluating just paid an annual dividend of $2.20. dividends have grown at a constant rate of 1.4 percent over the last 15 years and you expect this to continue.
a. if the required rate of return on the stock is 12.3 percent, what is its fair present value? (do not round intermediate calculations. round your answer to 2 decimal places. (e. g., 32.16)) fair present value $ 24.86
b. if the required rate of return on the stock is 15.3 percent, what should the fair value be four years from today? (do not round intermediate calculations. round your answer to 2 decimal places. (e. g., 32.16))

If a company’s employees are angry about their work, a visiting auditor may also become agitated, illustrating the power of

Peppy knows a lot about marketing, but not much about the legal or financial aspects of starting a new business. he wants to consult with a lawyer and accountant, but his budget is tight with all of the expenses involved in getting peppy's pizzazzeria up and running. peppy should: trust his basic instincts and try to put it together without the advice of lawyers and accountants. delay talking with a lawyer and accountant until the business has established a positive cash flow for at least one year. immediately hire full-time lawyers and accountants for his staff. consult with a lawyer and accountant even though the budget is tight.

Identify whether the statements are true or false by dragging and dropping the appropriate term into the bin provided. long-run economic growth is unlikely to be sustainable because of finite natural resources. in the modern economy, countries that possess few domestic natural resources essentially have no chance to develop economically. finding alternatives to natural resources will be very important to long-term economic growth. in the modern economy, human and physical capital are generally less important in productivity than natural resources. in the 19th century, countries with the highest per capita gdp were nearly always abundant in minerals and productive farming land.