Answer: c. The activity is abnormally dangerous
Explanation:
Strict liability is also referred to as the absolute liability, and this term means legal responsibility for injury or damages, despite the fact that the individual or business that's found strictly liable wasn't negligent or probably at fault for the injury to damages.
In this case, if Earth Movers, Inc., uses dynamite to prepare land for highway projects, a strict liability is imposed on this activity because it is abnormally dangerous.
Answer:
<u>True.</u>
Explanation:
This statement is true. In Kenya there is a system called M-PESA, which can be defined as a more developed payment system worldwide, this system acts as a tool that allows payments and purchases to be made via cell phone.
This system revolutionized the lives of the citizens of that region, due to the ease of being able to carry out commercial transactions and manage their money without needing a bank.
This practice allows a company to discover the target market and record opinions and other input from consumers regarding interest in the product
Answer:
$10.08
Explanation:
First, find dividend per year;
D3 = 0.50
D4 = 0.50(1.35) = 0.675
D5 = 0.675 (1.35 ) = 0.9113
D6 = 0.9113 (1.07) = 0.9751
Next, find the present value of each dividend at 13% rate;
PV (of D3) = 0.50/(1.13^3) = 0.3465
PV (of D4) = 0.675/(1.13^4) = 0.4140
PV (of D5) = 0.9113/(1.13^5) = 0.4946
PV (of D6 )= 8.8209
Add the PVs to find the stock price;
= 0.3465 + 0.4140 + 0.4946 + 8.8209
= $10.08