Answer:
e) $37.05
Explanation:
Using the dividend growth model, the value of a stock is the present value of the future dividends receivable discounted at the required rate of return . The required rate of return is given as 12%.
So we discount the year 3 dividend using the dividend growth model formula
P = D (1+g)/r-g
r- rate of return, g = growth rate
Present value of the future dividends:
PV of Year 1 = 1.55(1.015)m × 1.12^(-1)
= 1.4047
PV of Year 2 = 1.55 (1.015)(1.015) × 1.12^(-2)
= 1.27
PV of Year 3 (this will be done in two steps)
Step 1; PV (in yr 2) of year 3 dividend
= (1.55)(1.015)^2×(1.08)/(0.12-0.08)
=43.114
Step 2 : PV (in yr 2) of year 3 dividend
=43.114 × (1.12^(-2))
= 34.37
Best estimate of stock = 1.40 + 1.27 +34.37
= $37.05
Note
To discount the year 3 dividend, we use two steps. The first stp helps get the PV in year 2, and step 3 helps to take it further to the PV in year 0
Answer:
Both steps give candidates a realistic preview of the job.
Explanation:
When a manager from another restaurant says to you, "I’ve heard that Barcelona has a three-step hiring process. Candidates first have an interview in which Scott does most of the talking, and then they visit Barcelona restaurants and record their impressions. This seems like a lot of work. The basic purpose and logic behind these two steps is to give candidates a realistic preview of the job. With the help of these two steps in which candidates first have an interview with Scott and then visit Barcelona restaurants to get their impressions recorded, candidates can have a realistic, practical and genuine preview of the job. Candidates can come to know about the expectations which they can have from the job and the reality so they will not be surprised and shocked at all if their expectations does not meet the actual job's conditions and specifications.
Answer:
It is the blend of marketing strategies for product, price, distribution, and promotion
Explanation:
Marketing mix describes strategies used by a company to promote its brand or product. A marketing mix is made up of Price, Product, Promotion and Place.
Answer:
Fulfilling client's expectations
Explanation:
Project management can be defined as the use of skills, tools and knowledge to effectively execute a project.
The Project Management Institute (PMI) aims to develop the project management profession.
PMI definition proposed by Meredith and Mantel has included client satisfaction as a criteria for project success.
Initially client satisfaction was not included in Project Management definition.
According to them project management is the use of skills, tools, and knowledge to meet and exceed customer expectations.
This definition now different from the previous one that focuses on meeting project specifications
