The intrinsic value of the stock is $29.44.
<h3>What is the intrinsic value of the stock?</h3>
The first step is to determine the value of the dividend at the end of each year:
Dividend in Y1 = 2. x 1.03 = 2.06
Dividend in Y2 = 2.06x 1.06 = 2.18
Dividend in Y3 = 2.18 x 1.04 = 2.27
Dividend after year 3 = (2.27 x 1.05) / (0.12 - 0.05) = $34.06
Now, find the present value of these dividends :2.06 / 1.12 + 2.18 / 1.12² + 2.27 / 1.12³ + 34.06 / 1.12³ = $29.44
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Answer:
The correct answer is letter "D": Judy, an expert horse trainer, sells Bob a horse.
Explanation:
According to the Uniform Commercial Code (<em>UCC</em>) a <em>merchant </em>is a person who deals with a product or service of a business in which that person is regularly engaged. The <em>merchant </em>has knowledge and expertise related to the practices involved in the business transaction.
In that sense, only Judy, who is a horse trainer, would be labeled as a <em>merchant </em>by the UCC for selling a horse.
Business analyst and concern experts are responsible for requirement gathering process.
Business clients have a tendency to assume software teams to be mind-readers, and to supply a answer based totally on unspoken or unknown requirements. Hence, all of the necessities need to be formally captured in a huge document.
<h3>Who should be concerned in a necessities review?</h3>
Ideally, your overview must encompass one individual from every area of the commercial enterprise impacted with the aid of the requirements, top examples include marketing, operations, product management, purchaser service, and IT. Often instances you will want extra than one person from a team because of the decision matrix within that group.
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<span>This poll talks about the economic progress of the United States where during those times in year 2010 Barack Obama is the president of the country. The poll have given a big difference towards the evaluation on how the economy have a lot of negative effects to citizen of the country that it was before. First is the issue about unemployment many Americans have no jobs, remember that this issue really gives a fall towards economic progress development for it can help generate more potential opportunities specially when it comes to factors that are all in the benefit of people getting employed where the business can gain more with the workforce, second is the health care issues are also one of the factors considered why they are unsatisfied with the economy, the platform and campaigns relating to health issues were not that fully effective, lastly the federal budget deficit in which really imparts a major negative effect on the economy for this is used for many developmental projects for the government's economic stability.</span>
A disadvantage of the corporate form of organization is the tax treatment.
<h3>
What is the tax treatment?</h3>
- Tax Structure refers to any fact that may be pertinent to comprehending the alleged or claimed Federal income tax treatment of the transaction.
- Tax Treatment refers to the asserted or claimed Federal income tax treatment of the transaction.
<h3>What is the transfer of ownership?</h3>
- An agreement is known as a "transfer of ownership" is used to legally transfer ownership of goods sold by one person (the Seller) to the buyer (the Buyer).
- These contracts can be used to sell products, businesses, cars, or even real estate.
<h3>What is professional management?</h3>
- Professional management is the process by which the program designs, organizes, approves, and monitors the execution of the care plan.
Therefore, a disadvantage of the corporate form of organization is the tax treatment.
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