Pfizer paid its stockholders a dividend of $5 per share yesterday. Today, the company announced that they plan to increase that dividend by $1.00 per share for each of the next three years. After that, they plan to keep their dividend at $8 per share forever. The variance of Pfizer’s stock is .09, the variance of the market is .04, and the correlation between Pfizer’s stock and the market is .05. The risk-free rate is 3% and the market-risk premium is 5.7%. Pfizer has $100 million shares of stock outstanding and $50 million of debt. The YTM for its is 8%. Use the dividend discount model to find the price per share of Pfizer’s stock.

write an essay about monopoly games at least 150 word

what are the potential uses of Amazon dash button in general?
What are potential uses of dash button to trigger a light?

Refer to following table, in which Q_d is the quantity of yen demanded, P is the dollar price of yen, Q_s is the quantity of yen supplied in year 1, and Q_s' is the quantity of yen supplied in year 2. All quantities are in billions.

Assume that the exchange rate is fixed against the dollar at the equilibrium exchange rate that occurs in year 1. Also suppose that Japan and the Canada are the only two countries in the world.

In year 2, what quantity of yen would the Japanese government have to buy or sell to balance its capital and financial account with its current account?

Buy OR Sell ____bollion Yen?

In what specific account would this purchase or sale show up in Japan’s balance of payments statement?

Foreign purchases of assets in Japan OR Japanese purchase of assets abroad

Would this transaction increase Japan’s stock of official international reserves or decrease its stock?

Decrease OR Increase

Select a recent strategic initiative (business or IT driven) at your current or recent employer (For example, new product category/service launch, change in IT focus/capability, outsourcing/insourcing initiative, change in customer focus, etc.). Analyze the initiative, using the elements listed in the grading rubric below.

:

I. Description of the Initiative –

II. Impact on the balance of the strategic triangle -

III. Stakeholders and how they were impacted–

IV. What worked really well --

V. What should have been done differently –

1. Convert the following recursive method to be tail-recursive
2. Explain what is the advantage of a recursive method to be tail-recursive.

public int f8( int[] arr, int index )
{
   if ( index == -1 )
      return 0;
   if (arr[index] == 2)
      return 1 + f8( arr, index - 1 );
   return f8( arr, index - 1);
}

uppose the following is the part of the WSJ listed options quotations on 12/1/2018; on that day IBN stock price was $53.

Which one of the following is out of the money?

What is the exercise value, or the intrinsic (=parity) value of a Jan 50 call option?

How much time value is in Jan 50 call option?

Suppose today you buy a IBN Jan 50 call for the price listed. At expiration, IBN stock sells for $60. What is the profit per contract?

Suppose you buy a IBN Apr 50 put for the price listed. At expiration, IBN stock sells for $45. What is your profit per contract?

Assume the call premium of $5 for IBN Jan 50 call option is right. Then the underlined price of $3.50 for Apr 50 call cannot be true. Which one of the following is a reasonable price for the option?

Assume the call premium of $5 for IBM Jan 50 call option is right. Then the underlined price of $6 for Jan 55 call cannot be true. Which one of the following is a reasonable price for the option?

ABD stock is selling for $145 and call option on ABD stock with striking price of $140 is selling for $12.5. The option expires 5 months from today. The risk-free interest rate is 8%. Based on the put-call parity for European options, calculate the value of put option with striking price of $140 and time to expiration of 5 months.

The current level of the S&P 500 is 1500. The dividend yield on the S&P 500 is 2%. The risk-free interest rate is 4%. The futures price for a contract on the S&P 500 due to expire 6 months from now should be __________.

QUESTION 20

1. Objectively comparing your activities and the results with the level of activities and results of another organization is called

4 points   

QUESTION 21

1. The Basic Control process involves three cyclic phases

4 points   

QUESTION 22

1. There are two major kinds of organizational charts

4 points   

QUESTION 23

1. The patterns of which departmentation are developed, entails of a) function, b) product, c) territory, d) customer, e) time, f) process and g)

A child pulls on a wagon of mass 47 kg at an angle 33 degrees above the horizontal with a force of F. If the wagon accelerates at 3.7 m/s2 horizontally, what is the magnitude of the force F (in unit of N)? Assume there is coefficient of friction is 0.33, and please use g = 10 m/s2 to simplify computation.

Grouper Corporation is preparing the comparative financial statements for the annual report to its shareholders for fiscal years ended May 31, 2017, and May 31, 2018. The income from operations for the fiscal year ended May 31, 2017, was $1,772,000 and income from continuing operations for the fiscal year ended May 31, 2018, was $2,440,000. In both years, the company incurred a 9% interest expense on $2,385,000 of debt, an obligation that requires interest-only payments for 5 years. The company experienced a loss from discontinued operations of $585,000 on February 2018. The company uses a 40% effective tax rate for income taxes.

The capital structure of Grouper Corporation on June 1, 2016, consisted of 977,000 shares of common stock outstanding and 20,100 shares of $50 par value, 6%, cumulative preferred stock. There were no preferred dividends in arrears, and the company had not issued any convertible securities, options, or warrants.

On October 1, 2016, Grouper sold an additional 475,000 shares of the common stock at $20 per share. Grouper distributed a 20% stock dividend on the common shares outstanding on January 1, 2017. On December 1, 2017, Grouper was able to sell an additional 781,000 shares of the common stock at $22 per share. These were the only common stock transactions that occurred during the two fiscal years.

Determine the weighted-average number of shares that Grouper Corporation would use in calculating earnings per share for the fiscal year ended:

Weighted-average number of shares

(1) May 31, 2017 Entry field with incorrect answer now contains modified data

(2) May 31, 2018 Entry field with incorrect answer

Prepare, in good form, a comparative income statement, beginning with income from operations, for Grouper Corporation for the fiscal years ended May 31, 2017, and May 31, 2018. This statement will be included in Grouper’s annual report and should display the appropriate earnings per share presentations. (Round earnings per share to 2 decimal places, e.g. $1.55.)

According to Zakaria, democracy has not always fulfilled its promises. Discuss what this means identifying each difficulty, using multiple examples to illustrate your point and suggest ways in which governments across the globe could strengthen democracy.

Michael McNamara and Gregory Lau met while in university and always knew they wanted to be in business together. Shortly after university Michael went to work for a large mulinational firm while Gregory pursued an MBA.

After several years of experience the firm Lau McNamara was established on July 1, 1984 and the firm experienced slow but steady growth over time. It is now 2020 and Lau McNamara has grown to total staff of 55 employees and revenues exceeding $13,000,000 a year. They have largely grown in the area of consulting, tax and accounting.

About 5 years ago they hired a rising star Rose Femia. She has exceeded all expectations and has been pushing to expand the services provided by the firm to include assurance services. Mr. McNamara with his extensive contacts has been asked to bid on a contract to perform audits for 3 municipalities within the province of Ontario.

He has assigned this task to Ms. Femia.

At the moment staff are fully scheduled, if Lau McNamara were to be awarded the contract, it must hire one new staff member at an annual remuneration of $60,000 to handle the additional workload.

Ms. Femia is convinced that obtaining the contract will lead to additional new clients from the respective municipalities. Expected new work (excluding the three municipalities) is 830 hours at an average billing rate of $90 per hour. Other information follows about the firm’s current annual revenues and costs:

Should the firm win the contract, the audits of the three municipalities will require 870 hours of expected work.

As a side note, Michael McNamara is adamant that fixed costs should be considered for this short term bid. Gregory Lau argues that they should be disregarded for short-term decision making.

Required:

1. If the Rose Femia’s expectations are correct, what is the lowest bid the firm can submit and still expect to increase annual net income? What would be the hourly billing rate for the county audit jobs just to break even on all the new business? (Round "Average billing rate" answer to 2 decimal places.)

2. If the contract is obtained at a price of $44,800, what is the minimum number of hours of new business in addition to the municipality work that must be obtained for the firm to break even on total new business? What is the margin of safety (MOS) regarding the municipality job audit proposal?