Church Inc. is presently enjoying relatively high growth because of a surge in the demand for its new product. Management expects earnings and dividends to grow at a rate of 2.8% for the next 4 years, after which competition will probably reduce the growth rate in earnings and dividends to zero, i.e., g = 0. The company’s most recent dividend, D0, was $2.69, and its required rate of return is 15%. What is the expected Horizon Value at t=4?
In: Finance
Church Inc. is presently enjoying relatively high growth because of a surge in the demand for its new product. Management expects earnings and dividends to grow at a rate of 2.8% for the next 4 years, after which competition will probably reduce the growth rate in earnings and dividends to zero, i.e., g = 0. The company’s most recent dividend, D0, was $2.69, and its required rate of return is 15%. What is the current price of the common stock?
In: Finance
Church Inc. is presently enjoying relatively high growth because of a surge in the demand for its new product. Management expects earnings and dividends to grow at a rate of 3.4% for the next 4 years, after which competition will probably reduce the growth rate in earnings and dividends to zero, i.e., g = 0. The company’s most recent dividend, D0, was $4.07, and its required rate of return is 12%. What is the expected Horizon Value at t=4?
In: Finance
QUESTION 10
The sign on a church in your neighborhood reads “All are welcome at Sunday Service.” Because the church has limited seating and is usually full, the Sunday Service is
| a. |
a club good. |
|
| b. |
a common resource. |
|
| c. |
a public good. |
|
| d. |
a private good. |
4 points
QUESTION 11
It is commonly argued that national defense is a public good. Nevertheless, the weapons used by the U.S. military are produced by private firms. We can conclude that
| a. |
weapons are rival in consumption and excludable, but national defense is not rival in consumption and not excludable. |
|
| b. |
national defense is rival in consumption and excludable, but weapons are not rival in consumption and not excludable. |
|
| c. |
resources would be used more efficiently if private firms provided national defense. |
|
| d. |
resources would be used more efficiently if the government produced the weapons. |
4 points
QUESTION 12
Consider a public road that anyone is allowed to drive on. If the road is often congested, the road would be considered a
| a. |
club good. |
|
| b. |
private good. |
|
| c. |
public good. |
|
| d. |
common resource. |
4 points
QUESTION 13
Which of the following is a disadvantage of government provision of a public good such as national defense?
|
(i) |
The government does not know the exact willingness of consumers to pay for the public good. |
|
(ii) |
The free-rider problem is more likely to occur when the government provides a public good than when the private sector provides a public good. |
|
(iii) |
Taxpayers do not agree on the optimal quantity of the public good that the government should provide. |
| a. |
(i) only |
|
| b. |
(i) and (iii) only |
|
| c. |
(i), (ii), and (iii) |
|
| d. |
(i) and (ii) only |
In: Economics
Church Inc. is presently enjoying relatively high growth because of a surge in the demand for its new product. Management expects earnings and dividends to grow at a rate of 22% for the next 4 years, after which competition will probably reduce the growth rate in earnings and dividends to zero, i.e., g = 0. The company’s last dividend, D0, was $1.25, its beta is 1.20, the market risk premium is 5.50%, and the risk-free rate is 3.00%. What is the current price of the common stock?
a. $26.57
b. $32.69
c. $28.97
d. $23.39
e. $27.37
Excel in detail please
In: Finance
Church Inc. is presently enjoying relatively high growth because of a surge in the demand for its new product. Management expects earnings and dividends to grow at a rate of 3.4% for the next 4 years, after which competition will probably reduce the growth rate in earnings and dividends to zero, i.e., g = 0. The company’s most recent dividend, D0, was $1.68, and its required rate of return is 12%. What is the expected Horizon Value at t=4? And what is the current price of the common stock? (please show work)
In: Finance
1. Explain the difference between Plane Stress problem and Plane Strain Problem. Give an example.
2. What is the displacement boundary condition you would like to apply after cutting through the symmetric line?
3. What are the FEA results we would be interested in 2-D stress-strain analysis?
In: Mechanical Engineering
Power series
Find the particular solution of the differential equation: (x^2+1)y"+xy'-4y=0 given the boundary conditions x=0, y=1 and y'=1. Use only the 7th degree term of the solution. Solve for y at x=2. Write your answer in whole number.
In: Advanced Math
Solve Laplace’s equation wxx + wyy = 0 on the rectangle R = {(x, y) : 0 ≤ x ≤ a, 0 ≤ y ≤ b} subject to the boundary conditions w(x, 0) = 0, w(x, b) = 0, w(0, y) = f1(y), w(a, y) = f2(y). Include coefficient formulas.
In: Advanced Math
1. Describe the benefits and costs of the Mongol Empire
2. Why is it correct to consider this time an era of exploration
and globalization?
3. What caused the rise of national monarchies in England or France
or Russia?
4. What was the condition and role of religion and the Church
during the period under consideration (think about Avignon papacy,
the rise of piety, etc.)?
In: Economics