Answer:
The required return on the stock is 11.89%.
Explanation:
To calculate this, the Gordon growth model (GGM) formula is used as follows:
P = d1 / (r – g) ……………………………………… (1)
Where;
P = current share price = $77
d1 = next dividend = Recent dividend * (1 + g) = $5.37 * (1 + 0.046) = $5.61702
r = required return = ?
g = dividend constant growth forever = 4.6%, or 0.046
Substituting the values into equation 1) and solve for r, we have:
77 = 5.61702 / (r - 0.046)
77(r - 0.046) = 5.61702
77r - 3.542 = 5.61702
77r = 5.61702 + 3.542
r = 9.15902 / 77
r = 0.1189, or 11.89%
Therefore, the required return on the stock is 11.89%.
Answer:
Cognitive dissonance
Explanation:
The cognitive dissonance is composed by the believes, concepts, emotions and values of a person. The individual will try always to act to have a perfect equilibrium between actions, values, believes and any religious concept. As an example if you think that steal is bad you won't steal
The correct answer is the suspension stability system. This
is defined as a kind of detection by which it detects driving conditions by
means of lowering or raising the vehicle’s wheel that makes the ride more
leveled or more smoother.
Answer:
(C). Basing the credit decision on the receipt of public assistance income.
Explanation:
According to the Equal Credit Opportunity Act, applicants who have the capacity to contract are eligible to apply for credit and should not be discriminated against by any creditor.
<u>The act prohibits the creditor from refusing to grant credit on the basis of</u> age, religion, race, sex, marital status, or <u>whether the applicant receives public assistance income.</u>
Answer:
the best way to handle this situation is to share him responsibilities amongst available employees so as to keep the ball rolling in the office. business can't shut down because he didn't show up