Stock in CDB Industries has a beta of .98. The market risk premium is 7.3 percent, and T-bills are currently yielding 4.3 percent. The most recent dividend was $2.70 per share, and dividends are expected to grow at an annual rate of 5.3 percent indefinitely. The stock sells for $49 per share. Using the dividend discount model, what is your estimate of the company's cost of equity

Label each of the following statements true, false, or uncertain. explain your choice carefully. a. workers benefit equally from the process of creative destruction. b. in the past two decades, the real wages of low-skill u. s. workers have declined relative to the real wages of high-skill workers. c. technological progress leads to a decrease in employment if, and only if, the increase in output is smaller than the increase in productivity. d. the apparent decrease in the natural rate of unemployment in the united states in the second-half of the 1990s can be explained by the fact that productivity growth was unexpectedly high during that period.