He was supposed to keep 10%.
The 10% share was one of the columbus demand' when both columbus and the crown agreed to the terms for his voyage fundinsg.
But, since <span>he had been relieved of his duties as governor, the Crown no longer feel obligated to honour the term of the contract.</span>
Answer:
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Answer:
D. Spending on services is smaller than the amount of consumption spending on durable and nondurable goods.
Explanation:
For developed countries like the U.S, there is a lot of stress in consumption of services such as good health care, appropriate and quality education and among others. These services contribute to a larger proportion of consumption component of GDP than both durable and nondurable commodities. Therefore, the statement “spending on services is smaller than the amount of consumption spending on durable and non-durable goods” is not correct
Answer:
The stock’s value per share is $10.42
Explanation:
For:
FCF1 = Expected cash flow of the firm
= $25 million
WACC = 10%
g = 4%
Firm value = FCF1/(WACC - g)
= 25,000,000/(0.10 - 0.04)
= $416,666,666.67
We know that there is no debt & preferred stock, so the firm value will be equal to Equity value
:
Firm value = Equity value
= $416,666,666.67
stock value per share = Equity Value/No. of share outstanding
= $416,666,666.67/40,000,000
= $10.42 per share
Therefore, The stock’s value per share is $10.42
