North Korea, China, Cuba and earlier the USSR
Answer:
P1=$8.43
Explanation:
![D1= 0.5\\D2=0.5\\D3=D2(1+g3) = 0.5(1.05)=0.525\\D4=D3(1+g4) = 0.5(1.05)(1.1) =0.5775\\](https://tex.z-dn.net/?f=D1%3D%200.5%5C%5CD2%3D0.5%5C%5CD3%3DD2%281%2Bg3%29%20%3D%200.5%281.05%29%3D0.525%5C%5CD4%3DD3%281%2Bg4%29%20%3D%200.5%281.05%29%281.1%29%20%3D0.5775%5C%5C)
The value of the stock is equal to the present value of all cash-flows expected from holding the stock. At the end of year 1, the value of the stock is found by calculating the present value of the remaining dividends i.e D2, D3, D4, D5 etc till infinity.
Therefore price equals![P1=\frac{D2}{1+ke} + \frac{D3}{(1+ke)^{2} } +\frac{D4}{(ke-g)(1+ke)^{3} }](https://tex.z-dn.net/?f=P1%3D%5Cfrac%7BD2%7D%7B1%2Bke%7D%20%2B%20%5Cfrac%7BD3%7D%7B%281%2Bke%29%5E%7B2%7D%20%7D%20%20%2B%5Cfrac%7BD4%7D%7B%28ke-g%29%281%2Bke%29%5E%7B3%7D%20%7D)
given the values of Dividends calculated above and ke= 15% :
![P1=\frac{0.5}{1.15^{1} } +\frac{0.525}{1.15^{2}} +\frac{0.5775}{(0.15-0.1)(1.15^{3} } = $8.43](https://tex.z-dn.net/?f=P1%3D%5Cfrac%7B0.5%7D%7B1.15%5E%7B1%7D%20%7D%20%2B%5Cfrac%7B0.525%7D%7B1.15%5E%7B2%7D%7D%20%2B%5Cfrac%7B0.5775%7D%7B%280.15-0.1%29%281.15%5E%7B3%7D%20%7D%20%3D%20%3Cstrong%3E%248.43%3C%2Fstrong%3E)
Answer:
In detailed along with all the contingencies that are spelled out.
Explanation:
Common law is the body which is of legal rules that have been made or build through the judges as they will issue the rulings on cases, which is opposed to the rules and the laws which were made through the official statutes or the legislature.
Under the common law, the contracts are made or stated or drafted so that they will provide a brief as well as detailed rules along with all the possible contingencies which were spelled out or made out.
Answer:
the ans of these question is 771