For each matched pair of industries, compute the present value of a stream of $1 dividendsfor the median firm in each industry. Use the perpetuity-with-growthmodel and assume 3.0%long-run growth for each industry. What effect does the difference in systematic risk acrossindustries have on the per-dollar dividend valuation of the median firm in each industry

Fortress international, a large conglomerate, procures a few component parts from external suppliers and also manufactures some of the key raw materials in its own subsidiaries. aside from this, the company does not solely depend on outside distributors to reach its customers. in fact, it has its own retail stores to distribute its products. in this scenario, which of the following alternatives to vertical integration is fortress international applying? a. concentric integration b. taper integration c. horizontal integration d. conglomerate integration