Answer:
Market rate of return is 7.79%
Explanation:
The market rate of return on the stock can be computed using the market price of the stock , which is given below:
share market price =D1/(Expected market return-Dividend growth rate)
share market price is $28.16
D1 is the expected dividend next year which is given by $1.35
expected market return is the unknown
dividend growth rate is 3%
$28.16=$1.35/expected market return-3%
let y be the expected market return
$28.16=$1.35/y-3%
by cross multiplication the equation becomes
$28.16*(y-3%)=$1.35
y-3%=$1.35/$28.16
y=($1.35/$28.16)+3%
y=7.79%
Answer:
The authors find that sector specialization has an overall positive effect on banks' performance. In contrast, Bebczuk and Galindo (2007) find for Argentina that banks with a diversified credit portfolio have fewer non-performing loans.
Answer: Literally translated, haute couture means "high sewing", but refers to the level of the industry in which clothing is made of the best quality and sold the highest prices on a custom-order basis.
Explanation:
Haute couture are high quality clothing brands, where the sewing is done by hand for most parts of the clothing and high attention is paid to details. The haute couture clothing brands are of high quality and high priced made by experienced tailors.
An application , reference sheet
