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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:
"First off, the extreme word exclusively is a big warning sign that this answer is probably wrong, so you should be suspicious of" it from start.
Explanation:
"First off, the extreme word exclusively is a big warning sign that this answer is probably wrong, so you should be suspicious of" it from start. The author writes about power sellers at Ebay. Those power sellers started using Ebay as regular users but over a period of time they turned out to be the power sellers and the author mentions these power sellers in the passage.
I think the answer is B-Hyperbole
Answer:
He would experience real pain.
Explanation:
In the book, 'Giver', Jonas was selected to be the Receiver of Memory. It was explained by the Elder who conferred this position, that the receiver would experience deep and real pain which no other person in the community has experienced. The last Eleven chosen to be Receiver, was to have exceptional intelligence, courage and integrity. He must also have the ability to see beyond things. Jonas did not believe that he had this capacity, but the elders believed in him.
The rules also stated that the Receiver could not discuss his pains and dreams with others. He would be rude and tell lies. He would also forfeit his friendships.
Ten years ago, a girl named Rosemary was conferred as the receiver. She was given a painful memory which led to depression on her part. She requested to be released and the result was that she unleashed her pains on the community. This caused chaos. Because of this experience, Jonas could not request to be released.
