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telo118 [61]
3 years ago
15

Navel County Choppers, Inc., is experiencing rapid growth. The company expects dividends to grow at 22 percent per year for the

next 8 years before leveling off at 7 percent into perpetuity. The required return on the company’s stock is 14 percent. If the dividend per share just paid was $1.84, what is the stock price?

Business
1 answer:
Thepotemich [5.8K]3 years ago
4 0

Answer:

Stock price is $68.65

Explanation:

The following image shows the stock price:

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Answer: D. Since Hiro’s economic profit is negative, he would be better off if he didn’t operate the consulting business and taught economics instead.

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Hiro's Economic Cost can hence be calculated by,

Economic Cost = Implicit costs + Explicit Costs

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Hiro is experiencing an Economic Loss by operating his business and would be better off Teaching Economics at the small local college.

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