Hello!
the full faith and credit clause explains the fact that states within the United States have to respect the public acts, records, and judicial proceedings of every other state.
for example, if someone has a driver's license in Vermont, it will be considered valid in new mexico.
or if someone were to get married in California, they would still be married if they move to Virginia.
I hope this helps, and have a nice day!
Answer:
A. credit card
Explanation:
A credit card is a card issued by a bank to its customer which allows the credit card holder to borrow money from the bank.
A maximum amount that can be borrowed through the credit card is known as the credit limit of the card.
The bank provided certain interest free period to the credit card holder to return the amount borrowed and charges an interest on the amount due.
Answer:
Job
Explanation:
A job is any regular and legal activity that one does to earn money. A job is a responsibility, position, or role assigned to a worker/ employee. Each job has a job description which details what duties the employer expects the employees to perform.
A job refers to employment, either full-time or part-time. It is also a piece of work to be performed.
Answer:
$75
Explanation:
As per the data given in the question,
Ke = risk free rate of return + beta×(market portfolio - risk free rate of return)
= 8% + 0.60 × (18% - 8%)
= 8% + 6%
= 14%
= 0.14
Now using the constant-growth DDM model :
Intrinsic value of the stock = Dividend ÷ (Ke - expected growing rate)
= $3 ÷ (0.14-0.10)
= $75
Hence, Intrinsic value of the stock is $75.
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