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University of Arkansas FINN FINN 005 iv) Vicky Robb is considering purchasing the common stock of Hawaii Industries, a rapidly growing boat manufacturer. She finds that the firm's most...
Question
iv) Vicky Robb is considering purchasing the common stock of Hawaii
Industries, a rapidly growing boat manufacturer. She finds that the firm's most recent (2020) annual dividend payment was $2.50 per share. Vicky estimates that these dividends will increase at a 20% annual rate, g1, over the next 3 years (2021, 2022, and 2023) because of the introduction of a hot new boat. At the end of the 3 years (the end of 2023), she expects the firm's mature product line to result in a slowing of the dividend growth rate to 8% per year, g2, for the foreseeable future. Vicky's required return, rs, is 15%.
Required: What is the current (end-of-2020) value of Hawaii's common stock, P0 = P2020.
Answer:
C. to persuade readers that a conquering prince must destroy a former republic if he hopes to hold it.
Explanation:
'The Prince' is a book written by political theorist Niccolo Machiavelli. In this book, Machiavelli outlines guidance for young princes on how to acquire a state and how to rule. He claims that if a prince need to use immoral means to acquire a state, he sould do it, and it will not be perceived as wrong.
In the given passage, from Chapter 5, the author is elucidating upon this same matter. He does so by giving a comparison between Spartan and Romans way of holding newly acquired state. By showing contrast between the two, he is asserting that the prince should destroy a former republic to hold the newly acquired state.
Therefore, option C is correct.
The essay below is an explanatory essay. It highlights the merits of participating in sporting activities.
<h3>A typical example that relates to the above topic is?</h3>
Sporting Activities are common all over the world and in all schools in America. It is an extracurricular activity that can quickly translate into a hobby and from a hobby to a real high paying profession.
Here are some of the benefits of participating in the schools sporting activities:
- It provides one with the opportunity to network and socialize;
- It provides one with the opportunity o keep fit. Recall that physical fitness is related to mental fitness which of course is related to academic performance.
- It helps you to lean team building and teamwork.
With the above benefits stated, it is important to participate in schools sporting activities especially given the fact that you have numerous options to select from.
Learn more about explanatory essay at;
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I believe the correct answer would be....C